PDN, ERA, BKY: Here’s why these Uranium stocks were in news today?

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PDN, ERA, BKY: Here’s why these Uranium stocks were in news today?

Paladin Energy Ltd, Energy Resources of Australia Limited, and Berkeley Energia Limited, Uranium stocks
Image source: © Artenot| Megapixl.com

Highlights

  • The benchmark index ASX200 traded 1.938% lower at 7,328.400 points at 3:09 PM AEST on Tuesday (26 April 2022).
  • At one point, the energy sector was one of the worst-performing sectors, mainly due to the drop in crude oil prices.
  • The ASX 200 Energy Index (ASX:XEJ) was down 4.112% at 9809.500 during today's intraday trading session.

The benchmark index ASX200 traded 1.938% lower at 7,328.400 points at 3:09 PM AEST on Tuesday (26 April 2022). At one point, the energy sector was one of the worst-performing sectors, mainly due to the drop in crude oil prices.

During the intraday trading session today, the ASX 200 Energy Index (ASX:XEJ) was down 4.112% at 9809.500 during the intraday trading session. 

In addition, with oil-producing companies, firms involved in Uranium production and business also constitute the ASX energy index. The fall in the crude oil price has considerably pulled down the energy sector; let us now look at how the Uranium stocks fared today. 

In this article we will talk about today's share market performance of three ASX-listed Uranium stocks, namely - Paladin Energy Ltd (ASX:PDN), Energy Resources of Australia Limited (ASX:ERA), and Berkeley Energia Limited (ASX:BKY).

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Paladin Energy Ltd (ASX:PDN)

The shares of ASX-listed Paladin Energy Ltd were seen trading 1.818% lower at AU$0.810 per share on ASX at 4:11 PM AEST today. Paladin Energy's share price has gained 113.16% in the last one year, while the stock is down 14.74% year-to-date (YTD). The Uranium miner has a market capitalisation of AU$2.43 billion. 

Earlier this month, the company sought to raise up to a further $15 million (pre-costs) under the SPP Offer. Paladin opened its SPP on 6 April. The Uranium explorer revealed that a portion of funds raised under the SPP will be used to fund the restart of the Langer Heinrich Mine in Namibia. The SPP was set to close at 5.00 PM on 26 April 2022, unless extended.

Read More: IAG, TAH, EDV: ASX 200 stocks in focus

Image Source: © Mulderphoto | Megapixl.com

Energy Resources of Australia Limited (ASX:ERA)

Today, the share price of Energy Resources of Australia Limited traded 2.857% higher at AU$0.360 per share on ASX at 4:11 PM AEST. ERA's shares are publicly held and traded on the Australian Securities Exchange (ASX), with Rio Tinto currently holding 86.3% of ERA's shares.

Energy Resources of Australia Limited is an ASX-listed company which is counted as Australia's largest uranium producer. The AU$1.29 billion company also owns the Ranger Mine near the town of Jabiru in the Northern Territory. 

In the last one year, the share price of Energy Resources has gained 80.00, while the stock is up 2.86% YTD. 

Also Watch:

Berkeley Energia Limited (ASX:BKY)

Shares of Berkeley Energia Limited traded 6.024% lower at AU$0.390 per share on ASX today. The share price of Berkeley Energia Limited has fallen 32.76% in the last one year, while the stock is up 62.50% YTD.

The company has a market capitalisation of AU$185.00 million. 

Berkeley Energia Limited is an ASX-listed clean energy company which is on its path to developing and exploring Uranium properties in Spain.

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