Paladin Energy Ltd ( (AU:PDN) ) has shared an update.
Bank of America Corporation and its related entities have become substantial holders in Paladin Energy Ltd, acquiring a 5.54% voting power through various subsidiaries, including Merrill Lynch and BofA Securities. This acquisition signifies a strategic investment by a major financial institution, potentially impacting Paladin Energy’s market position and signaling confidence in its operations and future prospects.
More about Paladin Energy Ltd
Paladin Energy Ltd is a company operating in the energy sector, primarily focusing on uranium production and exploration. It is involved in the development and management of uranium mining projects, catering to the global demand for nuclear energy.
YTD Price Performance: -21.90%
Average Trading Volume: 171,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.62B
See more data about PDN stock on TipRanks’ Stock Analysis page.