On June 1, CGN Mining rose 5.3% in regular trading, trading at HKD 3.38/share, with trading volume of HKD 23.19 million.
On the news front, natural uranium spot prices have shown a notable rebound recently, with the latest quote at USD 84.88 per pound. The broader energy sector rallied in tandem, driving the stock higher from recent lows. Within the Coal and Consumable Fuels sector, China Shenhua rose 4.48%, Yankuang Energy rose 5.98%, China Coal gained 4.98%, reflecting broad-based sector strength.
On the fundamental side, CGN Mining reported first-quarter natural uranium production of 580.9tU from its invested mines, achieving a 97.1% quarterly plan completion rate. Full-year shareholder profit grew 32.39% year-over-year to HKD 453 million. CICC maintained an outperform rating and raised its target price to HKD 4.80. Additionally, Van Eck Associates Corporation increased its position by 1.44 million shares at an average price of HKD 4.18 per share.
CGN Mining Limited is primarily engaged in natural uranium trading and uranium mine investment and development.
(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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