Cameco (CCO)has notable insider net $ selling

Cameco (T:CCO)

Tim Scott Gitzel, CEO, acquired 50,000 Common Shares on a direct ownership basis at a price of $16.380 through an exercise of options between November 17th, 2023 and November 20th, 2023. The insider also disposed 50,000 Common Shares on a direct ownership basis at prices ranging from $61.440 and $62.250 through the public market between November 17th, 2023 and November 20th, 2023. This represents a $2,273,250 net divestment of the company's shares and an account share holdings change of 0%.

Cameco Corporation is a Canada-based company engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. It operates through two segments: uranium and fuel services. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650 kilometer (Km) northeast of Perth and approximately 750 km south of the Company's Kintyre project.