Today's volume is fascinating.
Perhaps some don't like the risk that the rebalance poses.
Perhaps others are anticipating a potential lift in the U308 price.
Reuters
Citi expects Australia's Paladin energy to benefit from Kazatomprom's resultsMar 10, 2024 at 9:38 pm GMT
Analysts at Citi see Australian uranium miner Paladin Energy PDN.AX to benefit from the FY results of Kazakhstan's Kazatomprom KZAP.KZ, due on March 15.
Brokerage expects KZAP to downgrade its CY25 production guidance for uranium ore (U3O8).
Adds, since KZAP accounts for 40% of U3O8 mined supply, the result could push prices higher, benefiting PDN's share price.
Either way, the weekly chart looks bullish.
Today's volume is fascinating.Perhaps some don't like the risk...
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Last
$11.66 |
Change
-0.170(1.44%) |
Mkt cap ! $3.487B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $11.89 | $11.49 | $34.10M | 2.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $11.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.67 | 6642 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |