Why is this ASX 200 uranium stock rocketing 17% on Wednesday?

S&P/ASX 200 Index (ASX: XJO) uranium stock Paladin Energy Ltd (ASX: PDN) is racing higher today.

Paladin Energy shares closed down a sharp 12.5% yesterday, trading for $3.98. In morning trade on Wednesday, it’s a whole different story, with shares changing hands for…