🔴 Uranium ETF (CCOE.TO) is trading 3.36% down after Cameco’s Q3 earnings miss

CCOE.TO is trading at CA$8.63, down 3.36%, amid Cameco’s weak Q3 earnings and narrower 2026 production guidance.

• Cameco missed earnings expectations; a Key Lake outage reduced production and raised costs, and the results have continued to weigh on its shares.
• The fund invests in Cameco shares, concentrating exposure in that stock. The decline contrasts with the supplied broader-market rally, suggesting company-specific uranium exposure rather than a general risk-off move.