Cameco (NYSE:CCJ) Stock Price Up 1.7% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price shot up 1.7% during trading on Monday . The company traded as high as $51.25 and last traded at $50.78. 821,349 shares were traded during trading, a decline of 82% from the average session volume of 4,572,873 shares. The stock had previously closed at $49.93.

Cameco Stock Performance

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 stock has a market cap of $21.61 billion, a P/E ratio of 261.28 and a beta of 0.94. The firm’s 50-day moving average is $52.51 and its two-hundred day moving average is $49.47.

Hedge Funds Weigh In On Cameco

Several institutional investors have recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $27,000 after acquiring an additional 238 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Cameco in the 4th quarter valued at about $33,000. Finally, Pingora Partners LLC bought a new stake in shares of Cameco in the 3rd quarter valued at about $33,000. Institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

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.