Australia's Paladin Energy leads ASX 200 on quarterly production boost

ReutersApr 23, 2025 1:07 AM

Shares of uranium miner Paladin Energy PDN.AX rise as much as 20.1% to A$4.77, their biggest intraday percentage gain since mid-October 2021

Co says its March-quarter uranium production jumps 17% QoQ to 0.745 million pounds (mlb) of U3O8, beating Citi estimates by 20%

Stock is biggest percentage gainer in the benchmark S&P/ASX 200 index .AXJO

Stock hits its highest level since April 2

Analysts at Citi say positive result given rainfall event with realized price of $69.9/lb exceeded expectations of $60/lb

Stock down 36.8% this year, including the day's move

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