Cameco Shares Down, TSX Rises Slightly

Financial Post reported the Toronto stock market was little changed despite disappointing earnings reports from the resource sector.

As quoted in the market news:

Shares in Cameco were down 79 cents to $21.85 after the uranium miner reported an 85% drop in quarterly earnings to $8 million, or two cents per share. Revenue came in at $391 million for the quarter, down from $426 million year over year. The company cites lower earnings from its uranium business based on lower sales volumes, lower realized prices and higher costs.

Click here to read the full Financial Post report.