Cameco Weighs On Uranium Stocks

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.