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.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter