CCJ - Cameco ext5ends uranium supply contract with China Nuclear International

• Cameco ( NYSE: CCJ ) has signed a uranium supply deal with China's one of the largest nuclear power operators - China Nuclear International Corporation owned by China National Nuclear Corporation (CNNC)
• Terms of the agreement are reportedly confidential; however, the contract volumes form part of 50M pounds of uranium that Cameco added in CNNC's portfolio so far in 2022.
• The Canada-based uranium producer Cameco said this contract, finalized earlier this year, is marked as part of the China International Import Expo 2022.
• “China is counting on nuclear energy to play a major role in its commitment to achieve net-zero emissions, and CNNC is a large and growing part of that effort,” commented Cameco president and CEO Tim Gitzel.
• CCJ stock is up 1.6% in pre-market on Monday.
• On Nov. 3, Seeking Alpha Quant Rating system flagged a warning that CCJ is at the high risk of performing badly as is overpriced and has decelerating momentum when compared to other Energy stocks.
• "Cameco-Brookfield Deal: A Sell Rating Is Warranted," titled Seeking Alpha author Trapping Value at Sell Rating article on Cameco ( CCJ ).

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