Paladin Energy shares hit a 52-week high after uranium output jump — here’s what’s next
Paladin Energy shares surged 12.9% to A$13.14 after reporting a 16% jump in uranium output at its Langer Heinrich mine for the December quarter. The company sold 1.43 million pounds of uranium at an average price of $71.8 per pound and expects full-year production at the top end of guidance. The S&P/ASX 200 fell 0.37%. Paladin confirmed contracts for 23 million pounds through 2030.