Paladin Energy shares lose 11pc as Langer Heinrich guidance misses expectations

Shares of Paladin Energy, the most shorted stock on the ASX, fell 11.3% after disappointing output targets at its Langer Heinrich uranium mine, despite a 33% increase in quarterly production. The company faces two class action lawsuits for alleged misleading disclosures, as production forecasts were lower and costs higher than analysts expected, contributing to a 39.8% decline over the past year.

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