Paladin Energy’s (ASX: PDN) share price plunged nearly 30% on Tuesday after the uranium miner revised down its production forecast for the Langer Heinrich mine (LHM) in Namibia.

Paladin Energy Ltd (ASX: PDN) shares have taken a steep fall over the past six months. That's despite yesterday's strong run, which saw shares in the S&P/ASX 200 Index (ASX: XJO) uranium stock close up 8.

Criticism that the West Australian miner had been overly optimistic in its expectations is ‘fair comment’, says chief executive Ian Purdy.

Paladin Energy shares rallied on the ASX after analysts called Tuesday's sell-off on the uranium producer "outsized".

Paladin Energy boss Ian Purdy has blamed market uncertainty about progress with its $1.5bn acquisition of Canada’s Fission Uranium for “excessive volatility” in the company’s share price.