Cameco's Uranium Gambit Surges 6.35 on Strategic Shift, Ranks 173rd in $630M Volume as Cost Cuts and Price Stability Drive EBITDA Gains

Cameco (CCJ) surged 6.35% on October 13, 2025, with a trading volume of $630 million, ranking 173rd among active stocks that day. The move followed a strategic shift in uranium market positioning, as the company announced plans to prioritize long-term supply agreements over spot market sales, signaling confidence in sustained price stability. Analysts highlighted the decision as a risk-mitigation strategy amid volatile global energy markets.

Recent operational updates reinforced investor optimism. Cameco reported a 15% reduction in production costs at its Cigar Lake mine due to optimized extraction processes, with management projecting a 10-12% EBITDA margin improvement by year-end. The cost efficiency gains, coupled with a 12-month uranium price forecast above $55/oz from industry consultants, have positioned the stock as a defensive play in the energy transition narrative.

Technical indicators showed strong short-term momentum, with the stock breaking above a key resistance level at $24.50. However, derivatives activity suggested mixed near-term sentiment, as open interest in put options increased by 18% week-over-week, reflecting cautious positioning ahead of quarterly earnings. The company’s cash flow visibility remains robust, with $2.1 billion in contracted sales covering 85% of 2026 production.

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