BUZZ-Australian uranium miner Paladin drops after flagging class action

Reuters

2025/05/30

** Shares of Australia's Paladin Energy PDN.AX fall 5.9% to A$5.78, their lowest levels since May 23

** The uranium miner, after market close on Thursday, said that a class action law firm intends to file proceedings against PDN in the Supreme Court of Victoria

** The class action proceedings hold allegations that PDN made misleading representations and contravened its ASX continuous disclosure obligations between June 2024 and March 2025

** Stock down 19.8%, YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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