On September 15, CGN MINING fell 5.15% in regular trading, trading at HK$2.025 with turnover of approximately HK$137 million. The stock has now declined for four consecutive trading sessions.

The decline marks a continued retracement following a nearly 9% single-day surge on September 9, which was fueled by news that long-term natural uranium contract prices hit a record high of US$96.5 per pound in August. Since then, CGN MINING has given back all of that rally and more, with cumulative losses far exceeding the prior gains.

Fundamental weakness remains the core pressure on the stock. The company's interim results, released on August 27, showed an H1 net loss of approximately HK$80 million, widening 18% year-over-year. Revenue rose 19% to HK$2.025 billion, but profitability was eroded by lower natural uranium sales volumes at its Kazakhstan mines, rising unit production costs, and weighted average inventory costs exceeding contract selling prices. Additionally, deliveries under certain annual off-take contracts were deferred to the second half.

(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.)