Cameco Corp is trading 6.2% up today at $107.20 as a tentative U.S.-Iran peace deal and the reopening of the Strait of Hormuz spark a global risk-on rally.
- The stock is extending sharp gains from the last two sessions, with uranium and nuclear energy names rebounding alongside improving market sentiment.
- The geopolitical breakthrough has eased global inflation and energy-supply fears, leading to a broad rotation into risk assets.
- Cameco's upward move is part of this wider market trend rather than being driven by company-specific news.