The main reason is probably because Cameco has indicated that they intend to increase production at their McArthur River site up to its maximum licensed capacity of 25 million pounds.
The increase isn't something that will happen overnight so you can probably expect a bit of a bounce in their share price tonight.
Also having run high and fast in the last couple of months a decent pull back is also likely a healthy move longer term.
The main reason is probably because Cameco has indicated that...
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Last
$5.16 |
Change
0.010(0.19%) |
Mkt cap ! $1.222B | |||
| Open | High | Low | Value | Volume |
| $5.20 | $5.22 | $5.12 | $1.721M | 332.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10826 | $5.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.17 | 1165 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| SLX (ASX) Chart |