Yes, PDN is a bit of a mixed bag at the moment.
What is going for them is the U308 price, and a continuous rise in the demand.
That said, the Newmont transaction is bad news as they have declared Uranium being not strategic and will offload their stake. Other average news was their production update as the quarter production was below expectations (even if it was higher than previous quarter) and they had to revise down their outlook for 2011 - not great.
As far as the sp is concerned, I would think it will move sidweways, unfortunately. Not following up the rise of other uranium stocks.
With the standard question mark around corporate activity...
the 3 deltas for price rise are with us, page-5
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Last
$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 5278 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |