At close of market on Wednesday, Cameco Corporation (TSX:CCO) stock finished trading at +3.15%, bringing the stock price to $15.73 on the Toronto Stock Exchange. The stock price saw a low of $15.41 and a high of $15.93.
The company’s stock was traded 5,049 times with a total of 1,161,460 shares traded.
Cameco Corporation has a market cap of $6.23 billion, with 395.79 million shares in issue.
Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. In recent years, the company has reduced production in response to weak uranium markets. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.
