BUZZ-Australia's Paladin Energy rises on strong Q2 output

Reuters
22 Jan
BUZZ-Australia's Paladin Energy rises on strong Q2 output

** Shares of Paladin Energy PDN.AX rise 8.1% to A$9.03, as of 0041 GMT, their highest level since Nov. 11

** Uranium miner produced 638,409 lb (319.21 metric tons) of uranium ore in Q2 FY25

** Co top gainer on benchmark ASX 200 .AXJO index

** Co says Langer Heinrich Mine remains on track to meet the revised production guidance of 3.0 – 3.6 million lb uranium ore for FY2025, despite planned shutdowns in the quarter

** We continue to see Paladin as the leading ASX exposure to the uranium market - Jefferies

** Stock up 19.4% this year, including the day's move, vs a 0.5% increase in the ASX 200 index

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com;))

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