Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) dropped 0.3% during trading on Thursday . The company traded as low as $49.00 and last traded at $49.47. Approximately 841,268 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 4,409,301 shares. The stock had previously closed at $49.63.
Cameco Price Performance
The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $21.36 billion, a PE ratio of 258.04 and a beta of 0.94. The company’s 50-day simple moving average is $52.32 and its 200-day simple moving average is $49.47.
Institutional Investors Weigh In On Cameco
Hedge funds and other institutional investors have recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Cameco during the fourth quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares in the last quarter. Hurley Capital LLC acquired a new stake in Cameco during the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco during the 4th quarter worth $28,000. Finally, Pingora Partners LLC bought a new position in shares of Cameco in the 3rd quarter worth about $33,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
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