Uranium producerCameco Corp(NYSE:CCJ) has encountered volatility in recent sessions thanks to opposing fundamental forces tugging on its shares.
On one hand, the stunning rise of cryptocurrencies implies greater energy consumption from blockchain mining. Cynically, this framework should be net positive for Cameco stock and the broader nuclear energy industry.
On the other hand, elements such as geopolitical tensions and an overall sense of economic uncertainty have also applied downward pressure on Cameco and other uranium producers recently.
Therefore, attempting to guess where the company's stock may head next appears futile. Instead, it may be better to...
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