Paladin Energy has fully clawed back its nearly $400 million share price wipeout after Namibia clarified it did not intend to nationalise any existing mines. Paladin Energy’s 20 per cent stock drop was sustained on Wednesday after reports the Namibian government wants to nationalise some mines.
Where can I buy Paladin Energy shares?
Paladin Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PDN." How do I buy shares of Paladin Energy? Shares of PDN and other Canadian stocks can be purchased through an online brokerage account.
How much will Paladin shares cost?
New shares are set to be issued at 37 cents per share, representing a 16.7 per cent discount on the theoretical ex-rights price (TERP), which is the theoretical price at which Paladin shares are expected to go for immediately after the ex-date for the entitlement offer.
