Paladin (ASX:PDN) share price soars 14% on ‘strong cash position’

Paladin (ASX:PDN) share price soars 14% on ‘strong cash position’

The Paladin Energy Ltd (ASX: PDN) share price is surging today after the uranium miner released its financial results for the half-year ending 31 December 2021.

The uranium miner reported a cash increase and a net loss decrease from its operations.

At the time of writing, the Paladin share price is up 13.87% at 78 cents. For comparison, the broader S&P/ASX 200 Index (ASX: XJO) is up 0.3%.

So what did Paladin reveal? Let’s take a look… Paladin share price surges on results Highlights of the uranium miner’s H1 FY22 results included: Unrestricted cash and equivalents of US$38 million, up 24% from $30.6 million in the prior corresponding period (pcp) Net loss of US$11 million, against US$25.4 million in the pcp Cash expenditure of US$5.6 million, up 21% on the pcp of US$4.6 million No dividend declared Over the period, the company’s net loss (after tax) from its continuing operations decreased by […]

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