Paladin crashes on discounted placement, mine non-sale

Uranium production company falls after issuing shares at a 30% discount to its share price, the non-sale of its stake in a uranium mine and downgrades from six brokers.

Paladin Energy (PDN) has plunged the most in 13 years after selling shares in a heavily discounted placement and ending talks to sell its minority stake in a uranium mine.

Paladin slumped by 28% to 72 cents in morning trade, just above the 70 cents a share placement announced on Friday that raised $88 million at a 30% discount to the company's stock.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles