On September 14, CGN MINING fell 5.26% in regular trading to HK$2.16, with turnover of approximately HK$25.04 million, marking its third consecutive session of decline. The stock had surged nearly 9% on September 9 following news that long-term uranium contract prices hit a record high of US$96.5 per pound in August, but has since given back more than those gains.

The persistent weakness is rooted in deteriorating fundamentals. CGN MINING reported a first-half loss of approximately HK$80 million, widening 18% year-over-year, despite a 19% rise in revenue to HK$2.025 billion. The loss expansion was primarily driven by lower natural uranium sales volumes and higher unit production costs at its Kazakhstan-based mines. Additionally, the weighted average cost of inventories exceeded selling prices under executed contracts, pressuring gross margins. Delivery under certain annual uranium offtake agreements was also deferred to the second half.

The broader Coal and Consumable Fuels sector also traded lower, with CHINA SHENHUA down 2.25%, YANKUANG ENERGY down 3.70%, CHINA COAL down 1.71%, KINETIC DEV down 4.27%, and YANCOAL AUS down 6.75%.

(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.)