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Stock impact report

Cameco shares just had their best day in 10 years. Here’s why the euphoria may not last [Toronto Globe and Mail (Ontario, Canada)]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Open this photo in gallery Cameco President and Chief Executive Officer Tim Gitzel speaks with media following the company's annual general meeting in Saskatoon, May 28, 2014. Liam Richards/The Canadian Press A court ruling in favour of Cameco Corp. in its long-simmering tax dispute with Canada Revenue Agency has lifted a concern that had weighed on the uranium producer’s share price for several years, sending its stock soaring on Thursday. The share price jumped 15.7 per cent, to $14.80 in Toronto, for its biggest gain in nearly 10 years, and executives beamed. “I do not think it could have been more clear on any of the issues,” Tim Gitzel, Cameco’s chief executive officer, said during a conference call. “So we’re absolutely delighted with the decision.” The Tax Court of Canada ruling released on Wednesday said Cameco had not violated Canadian law by selling uranium through a European subsidiary to reduce its tax bill. S Show less Read more
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