Paladin Energy Gets ASX 100 Inclusion But Shares Drop
Paladin Energy shares fell 8.78% to A$10.08 in Sydney on Tuesday, underperforming the ASX 200, which dropped 0.24%. The decline came ahead of Paladin’s addition to the S&P/ASX 100 on June 22. Other uranium stocks also dropped as traders watched commodity-price risks and Langer Heinrich mine developments. Paladin’s market cap stood at about A$4.53 billion.