Cameco Buys Uranium as Investment to Capitalize on Price Slump

Bloomberg reports Cameco Corp.,(TSX:CCO) uses the price slump to capitalize on uranium as an investment.

“There were a number of times this year when we thought uranium was a good investment to buy, and that is what we did,” George Assie, Cameco’s senior vice-president of marketing and business development, said in an interview in London yesterday. “At times we’ll see material in the market that we think is very attractively priced, so we will purchase.”

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