On September 18, CGN MINING rose 5.73% in regular trading, trading at HK$2.205/share, with turnover of approximately HK$66.11 million. The stock rebounded after a prolonged pullback from its September 9 spike of nearly 9%.
On the news front, the acceleration of European nuclear power construction provided a fresh catalyst. Swedish utility Vattenfall recently announced the selection of Rolls-Royce to build three small modular reactors on Sweden's west coast, marking the country's first new nuclear project in over 40 years. Meanwhile, August natural uranium long-term contract prices reached US$96.5 per pound, a new all-time high. Tightening upstream supply and accelerating global nuclear build-out continue to underpin medium- to long-term uranium price strength. Multiple brokerages maintain bullish ratings on CGN MINING, with target prices significantly above the current share price.
However, fundamental headwinds persist. The company reported a first-half loss of approximately HK$80 million, widening 18% year-over-year, primarily due to declining uranium sales volumes and rising unit costs at its Kazakhstan mines.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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