BUZZ-Australia's Paladin Energy set for best week in 9 months on higher uranium output
Reuters
Jan 23
BUZZ-Australia's <a href="https://laohu8.com/S/PDN.AU">Paladin Energy</a> set for best week in 9 months on higher uranium output
** Shares of Paladin EnergyPDN.AX rise nearly 20% so far this week to A$13.365, on track for their biggest weekly jump since the week ended April 26
** Uranium producer's stock jumped 13% on Wednesday after posting 16% sequential jump in Q2 production of uranium oxide (U3O8) from Langer Heinrich mine, Namibia
** Q2 sales volume was 1.43 million lb at $71.8/lb, vs 0.53million lb at $67.4/lb in Q1
** Expects FY production to trend towards the upper end of the guidance range of 4.0 to 4.4 million lb U3O8
** PDN down 0.1% on the day; YTD up about 39%
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.