Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO saw unusually large options trading on Thursday. Investors bought 28,210 put options on the company. This is an increase of approximately 942% compared to the average daily volume of 2,706 put options.

Cameco Stock Down 6.4 %

Shares of NYSE:CCJ traded down $2.99 during trading on Friday, reaching $43.56. 7,343,768 shares of the stock traded hands, compared to its average volume of 4,686,063. The stock has a 50-day moving average of $51.00 and a two-hundred day moving average of $49.62. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55. The stock has a market cap of $18.96 billion, a P/E ratio of 229.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 3.33% and a net margin of 4.15%. As a group, sell-side analysts expect that Cameco will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cameco

Institutional investors and hedge funds have recently bought and sold shares of the company. Jupiter Wealth Management LLC acquired a new position in shares of Cameco in the fourth quarter valued at about $514,000. Formidable Asset Management LLC increased its position in shares of Cameco by 13.4% during the fourth quarter. Formidable Asset Management LLC now owns 18,756 shares of the basic materials company's stock worth $964,000 after purchasing an additional 2,215 shares in the last quarter. WCG Wealth Advisors LLC lifted its stake in Cameco by 2.7% in the 4th quarter. WCG Wealth Advisors LLC now owns 12,801 shares of the basic materials company's stock worth $658,000 after purchasing an additional 331 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Cameco by 276.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 20,400 shares of the basic materials company's stock worth $1,048,000 after purchasing an additional 14,980 shares during the period. Finally, JT Stratford LLC purchased a new stake in Cameco in the fourth quarter valued at approximately $205,000. 70.21% of the stock is owned by institutional investors.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.