Thoughts on Paladin (PDN) at the moment

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Question asked 02/12/2023

Thoughts on Paladin (PDN) at the moment

Thanks for a great service – I’d be floundering without it ! Interested in your thought on Paladin Energy – its share price seems now to move inversely to uranium prices

Answer

Hi Andrew,

Thanks for the vote of confidence, much appreciated.

PDN moves more in line with overnight swings in the Uranium ETFs such as Global X Uranium ETF (URA US) than it does directly to the less transparent uranium prices that are updated monthly, on Thursday night the URA closed up +3.9% and PDN opened up a similar amount on Friday.

We remain bullish towards PDN holding it in both our Active Growth Portfolio and Emerging Companies Portfolio.

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Paladin Energy Ltd (PDN)

LAST UPDATED 01/12/2023 12:02

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