🔴 Uranium ETF (URNM.AX) is trading 3% down as Cameco fell 5.43%

URNM.AX is trading at A$8.38 (-3.01%) as uranium-equity weakness pressured its miners exposure.

• In the October 29 U.S. session, Cameco, a major URNM holding, fell 5.43%, adding pressure to the ETF’s miners exposure.
• Investors were cautious ahead of Cameco’s October 30 results, focusing on operational performance and whether strong uranium prices are translating into improved results.
• The broader technology-market selloff may have contributed to risk aversion, but available evidence points more directly to uranium-stock weakness.