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Chart of the Week

Earlier, we discussed the aggressive swings and current recovery in the lithium stocks, uranium stocks have experienced similar volatility of late although they’ve been dancing to a very different tune. US heavyweight Cameco has corrected ~22% over recent weeks after more than doubling in the last 18-months, again illustrating the cyclical nature of resource stocks. At MM we like the supply-demand dynamics towards uranium moving forward hence sharp pullbacks catch our attention.

MM is bullish toward Cameco Corp (CCJ US) over the medium/long-term
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Cameco Corp (CCJ US)
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