OTC: PALAF

Paladin Energy Ltd

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Paladin Energy Ltd (OTC: PALAF) resulting from allegations that Paladin may have issued materially misleading business information to the investing public.

If you purchased Paladin securities and would like to join the prospective action, please click “Join This Class Action.”

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Details of investigation:

On November 12, 2024, Paladin issued an announcement entitled “Langer Heinrich Mine update and revision of FY2025 guidance.” In this announcement, Paladin announced in part that “[a]s a result of the lower than expected production results for October, and noting the ongoing challenges and operational variability experienced to date in ramping up production at the [Langer Heinrich Mine], Paladin has determined to revise its FY2025 production guidance to 3.0 – 3.6 Mlb (previously 4.0 – 4.5 Mlb) and withdraw all other guidance in relation to FY2025.”

On this news, Paladin shares fell $1.55 per share, or 24.7%, to close at $4.71 per share on November 12, 2024.

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Company Name: Paladin Energy Ltd
Stock Symbol: PALAF
Class Period: N/A
Court: N/A
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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

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