On September 16, CGN MINING rose 5.21% in regular trading, trading at HKD 2.12/share, with turnover of HKD 136 million. The stock staged a technical rebound after four consecutive sessions of decline that had more than erased the nearly 9% single-day surge on September 9.

On the news front, August natural uranium long-term contract prices reached USD 96.5 per pound, marking a fresh all-time high. Accelerating nuclear power construction and tight upstream mineral supply continue to underpin medium- to long-term uranium pricing. Multiple brokerages maintain bullish ratings, with target prices significantly above the current level. Notably, one institution set a net asset value-based target at HKD 3.37.

However, fundamental headwinds persist. The company reported a first-half loss of approximately HKD 80 million, widening 18% year-over-year, primarily due to declining natural uranium sales volumes at its Kazakhstan mines and rising unit production costs. Additionally, the weighted average inventory cost exceeded prevailing sales contract prices, compressing gross margins.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)