Are Paladin Energy shares really surging 900% today?

MotleyFool04-11

Paladin Energy Ltd (ASX: PDN) shares certainly are catching the eye of investors on Thursday. Depending on where you look, you may see the uranium miner's shares rising as much as 900%. But is this ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426097475?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-11 09:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2426097475","market":"us","top_or_hot":-1,"title":"Are Paladin Energy shares really surging 900% today?","media":"MotleyFool","content":"<div>\n<p>Paladin Energy Ltd (ASX: PDN) shares certainly are catching the eye of investors on Thursday. Depending on where you look, you may see the uranium miner's shares rising as much as 900%. But is this ...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/11/are-paladin-energy-shares-really-surging-900-today/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Are Paladin Energy shares really surging 900% today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAre Paladin Energy shares really surging 900% today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-11 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/04/11/are-paladin-energy-shares-really-surging-900-today/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paladin Energy Ltd (ASX: PDN) shares certainly are catching the eye of investors on Thursday. Depending on where you look, you may see the uranium miner's shares rising as much as 900%. But is this ...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/11/are-paladin-energy-shares-really-surging-900-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7083","symbol_name":"煤与消费用燃料","start_time":0,"source_url":"https://www.fool.com.au/2024/04/11/are-paladin-energy-shares-really-surging-900-today/","article_id":"2426097475","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426097475","pubTimestamp":1712797204,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Paladin Energy Ltd  shares certainly are catching the eye of investors on Thursday. Depending on where you look, you may see the uranium miner's shares rising as much as 900%. But is this really the case?Unfortunately for shareholders, the short answer is no. But what is actually going on?The uranium miner's management revealed that the split was undertaken in order to give the company a share price more befitting of its status as an ASX 200 stock. It recently explained to shareholders:  The Consolidation is proposed to reduce Paladin's shares on issue to a level that better reflects the Company's position as an ASX 200 company and provides a share price that is more appealing to a wider range of international investors. The Consolidation applies equally to all shareholders and as such the shareholders proportional interest in the Company's issued capital will remain unchanged .  Prior to today, Paladin Energy shares had absolutely smashed the market with a stunning gain of almost 150%","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7083":"煤与消费用燃料","BK7509":"中概股","BK1258":"房地产运营公司","BK1229":"房地产经营公司","PDN.AU":"PALADIN ENERGY LTD","00495":"PALADIN"},"translate_title":"圣骑士能源股价今天真的飙升900%吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00495":1,"PDN.AU":1},"content_text":"Paladin Energy Ltd (ASX: PDN) shares certainly are catching the eye of investors on Thursday. Depending on where you look, you may see the uranium miner's shares rising as much as 900%. But is this really the case? Have its shares almost become a ten-bagger within the first hour of trade this morning? Unfortunately for shareholders, the short answer is no. But what is actually going on? What's going on with Paladin Energy shares? Earlier this week, Paladin Energy shareholders were invited to vote on a reverse split. This is what happens when a company reduces the number of shares on issue through the act of consolidation. It is important to note that this is not the same as a share buyback. No shares are bought back through a reverse split. They are merely consolidated. So, in the case of a 2-1 reverse split, if you owned 100 shares of a company with a $10 share price, after the split you would own 50 shares with a $20 share price. The value of your investment is unchanged at $1,000. Paladin Energy's reverse spilt On Tuesday, shareholders voted overwhelmingly in favour of a 10-1 reverse spilt. A total of 99.84% votes were cast in favour of the move. This saw its total number of shares reduce from 2,984,656,146 units to 298,465,615 units this morning. So, with Paladin Energy shares closing yesterday's session at $1.52, it meant that they opened today's session at $15.20. Why the split? The uranium miner's management revealed that the split was undertaken in order to give the company a share price more befitting of its status as an ASX 200 stock. It recently explained to shareholders:  The Consolidation is proposed to reduce Paladin's shares on issue to a level that better reflects the Company's position as an ASX 200 company and provides a share price that is more appealing to a wider range of international investors. The Consolidation applies equally to all shareholders and as such the shareholders proportional interest in the Company's issued capital will remain unchanged (other than minor variations resulting from the rounding of fractional shareholdings).  Prior to today, Paladin Energy shares had absolutely smashed the market with a stunning gain of almost 150% over the last 12 months. This has been driven by the soaring uranium price which has been caused by optimism over nuclear power adoption and supply shortages of the chemical element.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426097475"}