Global Uranium stocks posted fresh 2025 highs last week, and PDN in particular looks poised to break out, above the $8.40 resistance area. The $300mn capital raise at $7.25 earlier in the month has weighed on PDN in recent sessions, but the stock is already trading more than 10% above the raise, illustrating strong support below $8. It feels like a quick, sharp ~25% rally towards $10 is around the corner.
- We believe the risk/reward towards PDN is attractive around current levels.
Trade Idea: Buy Paladin (PDN) below $8.20 with stops below $7.70 – for 6% risk.
Add To Hit List
