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Australia's Paladin Energy leads ASX on production boost; peers track gains

ReutersApr 23, 2025 3:31 AM

Shares of uranium miner Paladin Energy PDN.AX jump 27.3% to A$5.065, their biggest intraday percentage gain since February

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

Peers Boss Energy BOE.AX and Deep Yellow DYL.AX gain 9% and 11.1%, respectively, and are among the top movers of ASX 200 benchmark

PDN stock down 33.1% this year, including the day's move

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