Paladin Energy Shares Jump Nearly 11% as Uranium Producer Rebounds From Weak September Quarter Production Miss
SYDNEY — Shares of Paladin Energy Ltd. jumped almost 11% on Monday, the top gain among the market's leaders, as investors returned to the uranium producer after a disappointing quarterly update.
Paladin shares rose 81 cents, or 10.86%, to A$8.27, near the day's high of A$8.28, after trading as low as A$7.72. About 2.2 million shares changed hands, and the company's market value climbed to about A$3.7 billion.
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