PALADIN ENERGY LTD (PDN.AU) saw its stock price soar 10.30% during intraday trading on Thursday, marking a significant upward movement for the uranium producer.

The surge follows the company's release of an upbeat production forecast for fiscal year 2027. Paladin Energy projected U3O8 production of 5.1 to 5.6 million pounds and sales of 4.8 to 5.3 million pounds from its Langer Heinrich mine, representing an increase from the reported FY26 production of 4.82 million pounds and sales of 4.35 million pounds.

The stock extended gains from the previous session, reaching its highest level in approximately two weeks as investors responded positively to the company's growth outlook for its uranium operations.