CCJ Stock: Cameco Soars as Interest in Uranium Stocks Heats Up

CCJ Stock: Cameco Soars as Interest in Uranium Stocks Heats Up

This week has seen investors staking significant bets that nuclear power is poised to be a key element in company divestment from fossil fuels. It hasn’t taken long for this trend to affect stock markets. According to the Financial Times , the prices of raw or yellow cake uranium have risen to the highest levels we have seen since 2014. For any company whose holdings include uranium mining, this means a significant spike in prices. Cameco Corporation (NYSE: CCJ ) has enjoyed the ride, as have any shareholders with CCJ stock. Source: Shutterstock CCJ and Others Are Winning This Week

Cameco is having a good a week as one might expect from the world’s biggest uranium mining company during a significant price boom. As of this writing, shares are up 6.45% on the day and 15.68% on the week. CCJ stock saw some significant declines in August but […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet