Q: Good morning,
Looking to understand reasons for recent weakness in CCO?
Thank you
Looking to understand reasons for recent weakness in CCO?
Thank you
5i Research Answer:
There is not any specific news for CCO. CCO’s share price underperformance recently could be because of the movement of downward pressure in uranium prices. Investors are worried weak uranium prices could affect the company’s operational result in the near term. Most news has in fact though been positive, with a broker upgrade and supply worries from Kazackhstan supporting prices. CCO is still up 38% in the past year.