Cameco (NYSE:CCJ) Trading Down 4.6% – Here’s Why

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price was down 4.6% during mid-day trading on Friday . The stock traded as low as $47.23 and last traded at $46.82. Approximately 2,064,220 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 4,449,161 shares. The stock had previously closed at $49.08.

Cameco Trading Down 3.8 %

The business has a 50-day moving average of $51.80 and a two-hundred day moving average of $49.52. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94.

Institutional Trading of Cameco

Large investors have recently bought and sold shares of the stock. Moss Adams Wealth Advisors LLC bought a new stake in shares of Cameco during the third quarter worth $441,000. Blue Trust Inc. increased its position in Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 642 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of Cameco by 19.2% during the third quarter. First Citizens Bank & Trust Co. now owns 4,964 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 798 shares in the last quarter. Pure Portfolios Holdings LLC bought a new stake in shares of Cameco during the third quarter valued at approximately $215,000. Finally, Castleview Partners LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $122,000. 70.21% of the stock is currently owned by 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.