Up 26% in a month, is the Paladin Energy share price on the comeback trail?

Up 26% in a month, is the Paladin Energy share price on the comeback trail?

The Paladin Energy Ltd (ASX: PDN) share price has gained 26.2% this past month as it makes a steep recovery from being down 20.53% year to date.

Shares in the uranium miner were trading 3.25% lower at 75 cents apiece at the close on Friday. But from a wider viewpoint, the Paladin Energy share price is outperforming the S&P/ASX 200 Energy Index (ASX: XEJ), up just 5.80% over the past month.

Let’s find out what might be driving the recent rally. Paladin restarts the Langer Henrich uranium mine

One major development stands out amid the Paladin Energy share price climb over the past month.In July, my Foolish colleague Bernd Struben reported that Paladin would restart uranium production in its Langer Henrich mine, located off Africa’s southwest coast in Namibia.Paladin’s profile on the Langer Henrich mine states it was placed under maintenance in May 2018 due to “unfavourable market conditions”. Cameco reported […]

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