Cameco (CCJ) is the world's largest uranium producer, with operations spanning across the United States, Canada, and Kazakhstan. I am bearish on the stock. The Situation in Kazakhstan and Why it Matters to Cameco Riots have erupted in Kazakhstan after locals grew concerned about rising energy prices. The situation is volatile to the extent that corporate practices, including banking and mining operations, were halted. Furthermore, Russia has sent troops into the country to try and stabilize matters after many were killed, with an additional 400 people hospitalized. This event brings broader implications to the energy sector, as Kazakstan is the largest supplier of uranium in the world.
https://www.tipranks.com/news/article/cameco-stock-in-danger-as-kazakhstan-riots-erupt?utm_source=advfn.com&utm_medium=referral
Cameco (NYSE:CCJ)
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