ASX:PDNOil and Gas
Paladin Energy (ASX:PDN) Shares Chase Cash Flow As Valuation Stretches
Paladin Energy stock closed at A$12.57 after the earnings release, with investors already sitting on a strong 30-day gain of about 31%. The market reaction has been about momentum. The real story sits in the uranium cash flows now starting to back that optimism.
Revenue for the year reached about US$304.3m and the company reported a profit on net income from ongoing operations. At the same time the valuation looks stretched, with a price to sales multiple well above sector peers. The question...