🔴 Cameco Enhanced Income ETF (CCOE.TO) is trading 10.6% down after Cameco’s Q3 revenue miss

CCOE.TO is trading at CA$9.28 (-10.60%) after Cameco’s Q3 revenue missed estimates.

• Cameco shares fell 9.6%; results also showed an adjusted net loss and lower year-to-date performance.
• Cameco cut the top end of 2026 production guidance and raised unit-cost guidance after extended Key Lake maintenance, pressuring the ETF’s concentrated uranium exposure.
• CCOE holds Cameco on a levered basis with a covered-call overlay, which can magnify exposure to the stock’s decline.