On September 11, CGN MINING fell 5.23% in regular trading to HK$2.285, with turnover of approximately HK$22.83 million, extending the prior session's decline.

The stock surged nearly 9% on September 9 driven by record-high uranium long-term contract prices at US$96.5/lb and broker upgrades, but has since reversed sharply over two consecutive sessions. The sell-off reflects ongoing pressure from the company's interim results, which showed a net loss of approximately HK$80 million for the first half, widening 18% year-over-year. The loss expansion was primarily attributed to lower natural uranium sales volumes at its Kazakhstan mines, rising unit production costs, and weighted average inventory costs exceeding contract selling prices, compressing gross margins. Additionally, deliveries under certain annual off-take contracts were deferred to the second half.

The broader Coal and Consumable Fuels sector also traded lower, with China Shenhua down 0.9%, Yankuang Energy down 1.66%, and China Coal down 1.14%.

(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.)