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Cameco (Cameco) 6-Month Price Index : 1.29 (As of Apr. 27, 2024)


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What is Cameco 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-27), Cameco's 6-Month Price Index is 1.29.

Competitive Comparison of Cameco's 6-Month Price Index

For the Uranium subindustry, Cameco's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cameco  (NYSE:CCJ) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cameco  (NYSE:CCJ) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Cameco 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Cameco's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Cameco (Cameco) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Cameco Corp (NYSE:CCJ) » Definitions » 6-Month Price Index
Comparable Companies
TSX:U.UN TSX:NXE TSX:DML TSX:EFR TSXV:EU TSX:FCU TSXV:ISO TSX:URE TSX:URC TSXV:FUU XKAZ:KZAP UEC ASX:PDN HKSE:01164 LSE:YCA ASX:ERA ASX:DYL LEU ASX:BMN ASX:PEN
Traded in Other Exchanges
CJ6:Germany CJ6:Germany CCO:Canada
Address
2121 - 11th Street West, Saskatoon, SK, CAN, S7M 1J3
Website
https://www.cameco.com
Cameco Corp 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. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. 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.