Skip to Content
scroll

PDN with or without Fission

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

PDN with or without Fission

Hi Team, Given that you are bullish on Uranium and PDN in particular, do you have a short term price target in mind as it has run hard of late since the price of uranium has surged in the last month but as you've noted is still well behind Cameco.

Answer

Hi Alan,

Uranium stocks are volatile beasts at the best of times and at the moment they’re in overdrive! We’ve flicked this one to Shawn as he has stronger ‘technical/trading” views around timing, especially as the stock has just bounced over 50% since the news of Microsoft (MSFT US) doing a deal for nuclear energy at Three Mile Island to power its AI needs in the future:

  • PDN has hit short term resistance ~$12 and further consolidation in this area wouldn’t surprise, its lack of pullback over recent days should encourage the bulls – like MM.
  • We believe its probably run its race in the very short-term but we still expect a test of $14 into Christmas.
chart
image description
Paladin Energy Ltd (PDN)
image description

Relevant suggested news and content from the site

Back to top