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Cameco Weighs On Uranium Stocks

Investing News Network
Nov. 02, 2012 09:19AM PST
Energy Investing

Reuters reported Cameco’s (TSX:CCO,NYSE:CCJ) shared ended 5 percent lower on Thursday weighing on the uranium market.

Reuters reported Cameco’s (TSX:CCO,NYSE:CCJ) shared ended 5 percent lower on Thursday weighing on the uranium market.

As quoted in the market news:

Cameco Corp, the world’s largest publicly-listed uranium producer, also weighed on the market.

Its shares ended 5.01 percent lower at C$18.40 after the Saskatoon, Saskatchewan-based company cut its long-term uranium production target by 10 percent on Wednesday.

Click here to read the full Reuters report.

tsx:cco nyse:ccj
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