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Paladin Energy Ltd ( (AU:PDN) ) just unveiled an update.
Paladin Energy Ltd has successfully completed its Share Purchase Plan (SPP), raising A$100 million from applications totaling over A$138 million. The funds from the SPP and a prior A$300 million institutional capital raising will be used to advance the Patterson Lake South project and ramp up operations at the Langer Heinrich Mine, positioning the company for future growth and exploration activities.
The most recent analyst rating on (AU:PDN) stock is a Hold with a A$8.50 price target. To see the full list of analyst forecasts on Paladin Energy Ltd stock, see the AU:PDN Stock Forecast page.
More about Paladin Energy Ltd
Paladin Energy Ltd is a company operating in the energy sector, primarily focusing on uranium mining and exploration. It is listed on the ASX, TSX, and OTCQX markets and is involved in projects such as the Langer Heinrich Mine and the Patterson Lake South project.
Average Trading Volume: 4,387,076
Technical Sentiment Signal: Buy
Current Market Cap: A$3.82B
Find detailed analytics on PDN stock on TipRanks’ Stock Analysis page.