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Paladin Energy Ltd ( (AU:PDN) ) has issued an update.
Paladin Energy Ltd has successfully completed a fully underwritten equity raising of A$300 million through a combination of an ASX institutional placement, a Canadian ‘bought deal’ private placement, and a Treasury Share Sale. The funds will be used to advance the development of the Patterson Lake South Project and support the ramp-up of the Langer Heinrich Mine. This financial move positions Paladin with the flexibility to progress its key projects, enhancing its operational capabilities and market positioning.
The most recent analyst rating on (AU:PDN) stock is a Hold with a A$7.30 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 Australian Securities Exchange (ASX), Toronto Stock Exchange (TSX), and OTCQX Markets. The company is involved in the development of uranium projects, with a market focus on advancing its Patterson Lake South Project and ramping up operations at the Langer Heinrich Mine.
Average Trading Volume: 3,893,091
Technical Sentiment Signal: Hold
Current Market Cap: A$3.15B
See more data about PDN stock on TipRanks’ Stock Analysis page.