Paladin (PDN) Loser

Paladin (PDN) was the worst performing company listed on the ASX 100 index (Loser of the week, week 40 of 2007). The uranium company saw its shares fall by 11.9 percent or 92 cents closing the week at $6.82. Uranium erased most of the gains it has made this year in trading yesterday as supply outpaced demand, as the metal fell last week. The Australian dollar closed the week at US88.90 cents, gold at 736.35, All Ordinaries at 6617.3 and ASX 200 at 6605.4. The company was previously a loser of the week back in March this year.

Paladin Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code PDN. You can view their investor website here. PDN was listed on the ASX on 29 March, 1994. Rick Crabb is the Chairman for Paladin and John Borshoff the Managing Director. Paladin Resources is a listed company on both the Australian Stock Exchange ("ASX") and the Toronto Stock Exchange ("TSX") under the symbol "PDN" with subsidiary listings on the Munich Stock Exchange, Berlin-Bremen Stock Exchange, Stuttgart Stock Exchange and Frankfurt Stock Exchange under the symbol "PUR". Paladin operates in the mineral resource sector with focus on uranium and has projects in Australia and Africa. In line with its long term vision to establish as a uranium producer, the Company’s strategy is to identify, acquire and evaluate advanced uranium projects. Since 1998, during a period of sustained downturn in global uranium markets, Paladin had been accumulating a quality portfolio of advanced uranium projects each having production potential. The strengthening of the uranium market continues. With the looming supply shortages, strong upward pressure on uranium oxide (UO) prices is expected to be maintained offering Paladin an excellent opportunity to capitalise and become a significant supplier of natural uranium. Production has commenced on the Langer Heinrich Uranium Project in Namibia and the BFS has been completed on the Company’s Kayelekera Project in Malawi with activities for development commenced. These are believed to be the two most advanced uranium projects in Southern Africa. Browse for Australian stockbroker recommendations. Good luck with your share trading, onward and upward!