Cameco Shares Fall After Weekly Uranium Price Declines

Bloomberg.com reports shares of Cameco Corp.(TSX:CCO) fell after weekly price decline in uranium.

The market news is quoted as saying:

Cameco slid C$1.59, or 4 percent, to C$37.89 at 4 p.m. in Toronto Stock Exchange trading, the biggest decline since Jan. 20. The Saskatoon, Saskatchewan-based miner has fallen 6 percent this year.

The price of uranium for immediate delivery declined $2.75, or 4 percent, to $66.75 a pound from a week earlier, TradeTech LLC, a uranium industry information service, reported March 4.

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