Paladin is listed on the Australian Securities Exchange, Toronto Stock Exchange and Namibian Stock Exchange under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR. Paladin is a uranium production company with projects currently in Australia and two mines in Africa with a strategy to become a major uranium mining house.
Yesterday Australian shares ended lower as the resources sector was dragged by the dropping commodities prices. The benchmark S&P/ASX200 share index closed down 85.4 points, or 2.3%, at 3694.3, and the broader All Ordinaries index was 84.6 points lower, or 2.3%, at 3643.6. Investors forecast the economic downturn may not change in a short term with more staff layoff and grim corporate results coming.
Yesterday the Australia market closed lower dragged by resource sector although the central bank's aggressive rate cut of 100 basis points lifted some sentiment in late trading. The benchmark S&P/ASX200 index closed down 153 points, or 4.16 per cent, at 3,528.2, while the broader All Ordinaries index was 145.6 points, or 4.02 per cent, lower at 3,473.4. Analysts anticipate a rise today in local market with positive lead from the US and the RBA rate cut.
Energy Metals (ASX:EME)(PINK:EYMTF), as manager of the Bigrlyi Joint Venture, is pleased to announce the results of an in-house Updated Scoping Study recently completed at the Bigrlyi Uranium and Vanadium Project in the Northern Territory.
Resolute Mining Limited advises that it has sold 15.6 million Paladin Resources Ltd shares for cash consideration of C$79.8m. This was the remaining balance of its Paladin Resources holding following the sale announced on 4 October 2006.
