CCOE.TO is trading at CA$12.89, up +3.20%, driven by renewed strength in uranium’s long-term contract market, with prices approximately US$96–97 per pound amid supply scarcity and strong utility demand.

  • Roughly 25% leverage makes the ETF especially sensitive to Cameco shares; covered calls can moderate—but not eliminate—upside.
  • Broader equity gains support the move, tied primarily to uranium-sector sentiment rather than a new CCOE-specific announcement.
  • Cameco’s recent Cigar Lake restart and unchanged production guidance reduce supply-disruption concerns, supporting underlying ETF shares.