---
title: "Australia's Global Uranium and Enrichment slides on discounted placement"
description: "** Shares of Global Uranium and Enrichment fall 7.04% to A$0.066, their lowest levels since March 3** The miner says received binding commitments for a A$10 million ($6.32 million) for development of "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/231602852.md"
published_at: "2025-03-12T23:50:18.000Z"
---

# Australia's Global Uranium and Enrichment slides on discounted placement

> ** Shares of Global Uranium and Enrichment fall 7.04% to A$0.066, their lowest levels since March 3** The miner says received binding commitments for a A$10 million ($6.32 million) for development of the Pine Ridge Uranium Project, USA** Issue price of A$0.065 per new share at an 8.5% discount to the last trade price** Stock fell as much as 8.5% earlier in the day, marking its worst intraday drop since February 28** GUE stock up 10% YTD($1 = 1.5818 Australian dollars)

\*\* Shares of Global Uranium and Enrichment fall 7.04% to A$0.066, their lowest levels since March 3

\*\* The miner says received binding commitments for a A$10 million ($6.32 million) for development of the Pine Ridge Uranium Project, USA

\*\* Issue price of A$0.065 per new share at an 8.5% discount to the last trade price

\*\* Stock fell as much as 8.5% earlier in the day, marking its worst intraday drop since February 28

\*\* GUE stock up 10% YTD

($1 = 1.5818 Australian dollars)

### Related Stocks

- [UEC.US - Uranium Energy](https://longbridge.com/en/quote/UEC.US.md)

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.