Levi & Korsinsky notifies investors that it has commenced an investigation into Paladin Energy Ltd (OTC: PALAF) concerning potential violations of the federal securities laws.
Paladin issued an announcement on November 12, 2024, entitled "Langer Heinrich Mine update and revision of FY2025 guidance." In this announcement, Paladin said 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." Following this news, Paladin stock fell over 24% on the same day.
If you suffered a loss on your Paladin Energy Ltd securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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