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Paladin Energy Ltd (ASX: PDN) $7.15

PDN

Uranium is very much a clean energy source, but the performance of related stocks has been more correlated to the semiconductors as opposed to the underlying uranium price. In similar fashion to copper, we believe this elastic band is getting very stretched, and if we are correct, this could snap back in the coming days/weeks, although it’s been tough going of late.

  • We continue to like the uranium thematic with PDN as our preferred ASX vehicle in the large cap space, and NextGen (NXG) as the higher beta pick.
PDN
MM is long and cautiously bullish towards PDN
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Uranium (US/lb) vs. Paladin Energy Ltd (PDN)
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