Cameco Shares Drop 3.63 as $600M Trading Volume Surges 75% to Rank 237th in Market Activity Amid Uranium Price Gains and Westinghouse EBITDA Boost from Czech Project

On July 31, 2025, Cameco (CCJ) closed down 3.63% with a trading volume of $0.6 billion, a 75.26% surge from the previous day. The stock ranked 237th in market activity. The firm reported Q2 results marked by robust performance across uranium, fuel services, and its Westinghouse stake, driven by long-term contracts and higher uranium prices. Management highlighted a strengthened 2025 outlook, citing the Dukovany project in the Czech Republic, which boosted Westinghouse’s adjusted EBITDA expectations to $525–580 million (US).

Cameco’s uranium segment saw elevated realized prices and improved margins, supported by fixed-price contracts and a stronger U.S. dollar. The Westinghouse investment remains a key growth driver, with its 49% share of adjusted EBITDA now projected to grow at a 6–10% CAGR over five years. Strategic discipline in long-term contracting and operational alignment with market demand were emphasized, alongside a resilient balance sheet with $716 million in cash and a $1 billion undrawn credit facility.

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