Cameco shares down after company says it is ‘disappointed’ with ruling payout [Toronto Globe and Mail (Ontario, Canada)]
Cameco Corporation (CCJ)
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Source: Toronto Globe and Mail
Cameco shares down after company says it is ‘disappointed’ with ruling payout Shares of uranium producer Cameco Corp. closed nearly eight per cent Monday after the company received much less than it was seeking in an arbitration dispute. The downward pressure on the stock price, after what the company called a disappointing amount of damages, came despite a positive decision Friday night from U.S. President Donald Trump to not impose import restrictions on uranium. Cameco says a tribunal of international arbitrators ruled that Japanese utility Tokyo Electric Power Co. did not have the right to leave a supply agreement and awarded Cameco US$4.3-million, far less than the US$7-million in damages that it was seeking. Story continues below advertisement “We are pleased that the Tribunal agreed that TEPCO was not entitled to terminate the supply agreement, but we are disappointed with the amount of damages awarded,” said CEO Tim Gitzel in a statement. TEPCO said in 217 that it would termin
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CCJ
Earnings
- 2/8/24 - In-Line
CCJ
Sec Filings
- 4/9/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/5/24 - Form 6-K
- CCJ's page on the SEC website