Market Chatter: Market Chatter: Nuclear Resurgence Seen Luring Paladin Offers

Australian uranium producer Paladin Energy Ltd. (PDN.TO) is tempting acquirers from Canada to China with a stock price that's less than the value of its net assets as Japan restarts idled nuclear reactors, Bloomberg reported today.

Paladin lost almost 80% of its value after Japan suffered the worst atomic crisis in a quarter century.

With Japan turning two reactors back on this month signaling a possible bottom for uranium prices, Paladin, which operates mines in Africa and explores for the fuel in Australia and Canada, may attract interest from Saskatchewan-based Cameco Corp. (CCO.TO), Resource Capital Research said.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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