NEW YORK ( TheStreet) -- Cameco (NYSE: CCJ) hit a new 52-week low Friday as it is currently trading at $16.66, below its previous 52-week low of $16.68 with 671,310 shares traded as of 12:06 p.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Cameco has a market cap of $6.96 billion and is part of the basic materials sector and metals & mining industry. Shares are down 58.2% year to date as of the close of trading on Wednesday.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment involves in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The company has a P/E ratio of 17.9, above the average metals & mining industry P/E ratio of 17.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Cameco Ratings Report.

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