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CCJ: Riding the Market Waves of Growth and Decline in 2023

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price decrease of -4.50%. However, over the past six months, we’ve seen a weaker performance of 1.86%. The price of CCJ leaped by -2.42% over the last 30 days. And in the last five days, it has fallen by -1.91%.

Cameco Corp.’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $51.33 on 02/01/24 and a low of $23.73 for the same time frame on 03/24/23.

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52-week price history of CCJ Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Cameco Corp.’s current trading price is -19.81% away from its 52-week high, while its distance from the 52-week low is 73.45%. The stock’s price range during this time has been between $23.73 and $51.33. The trading volume for the Energy sector company’s shares reached about 3.4 million for the day, which was lower than the average daily volume of 5.49 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Cameco Corp. (CCJ) has experienced a quarterly decline of -8.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.87B.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 43.76, with a change in price of +2.35. Similarly, Cameco Corp. recorded 5,276,742 in trading volume during the last 100 days, posting a change of +6.06%.

CCJ’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CCJ stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.21.

CCJ Stock Stochastic Average

Today, Cameco Corp.’s raw stochastic average for the past 50 days stands at 17.38%, indicating a decline from the raw stochastic average of the last 20 days, which was 39.27%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 43.79% and 33.80% respectively.

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