Cameco Target of Unusually High Options Trading (NYSE:CCJ)

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was the target of some unusual options trading activity on Thursday. Stock investors acquired 384,705 call options on the company. This represents an increase of 1,490% compared to the average volume of 24,198 call options.

Institutional Investors Weigh In On Cameco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dantai Capital Ltd raised its position in Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after acquiring an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC bought a new stake in Cameco in the fourth quarter worth about $895,000. Whalen Wealth Management Inc. bought a new stake in Cameco in the fourth quarter worth about $445,000. iA Global Asset Management Inc. bought a new stake in Cameco in the third quarter worth about $5,305,000. Finally, Telemark Asset Management LLC increased its stake in Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company's stock worth $62,088,000 after purchasing an additional 100,000 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of NYSE CCJ traded down $1.86 during midday trading on Monday, reaching $47.22. 5,178,500 shares of the company traded hands, compared to its average volume of 4,709,515. Cameco has a 52 week low of $35.43 and a 52 week high of $62.55. The stock has a 50-day moving average price of $51.80 and a 200 day moving average price of $49.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94.

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.