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Paladin Energy Ltd ( (AU:PDN) ) just unveiled an announcement.
Paladin Energy Ltd has opened a Share Purchase Plan (SPP) for eligible shareholders in Australia and New Zealand, allowing them to purchase up to $30,000 worth of new shares without transaction costs. The SPP aims to raise up to $20 million, with funds allocated for working capital and future exploration. The offer price is set at $7.25 per share, representing an 8% discount to the recent trading price. The SPP follows a recent $300 million institutional capital raising, reflecting Paladin’s strategic efforts to strengthen its financial position and support its operational growth.
The most recent analyst rating on (AU:PDN) stock is a Hold with a A$7.60 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 focused on uranium production and exploration. The company is engaged in the development and management of uranium mining projects, with a market focus on supplying uranium for nuclear power generation.
Average Trading Volume: 4,101,476
Technical Sentiment Signal: Buy
Current Market Cap: A$3.38B
Learn more about PDN stock on TipRanks’ Stock Analysis page.