The share price of Cameco Corporation (NYSE:CCJ) surged by 11.42% between November 21 and November 28, 2025, putting it among the Energy Stocks that Gained the Most This Week.
Cameco Corporation is one of the largest global providers of uranium fuel, which powers the ongoing nuclear energy renaissance.
Cameco Corporation received a boost on November 24 following reports that Canada is nearing an export agreement with India to supply the South Asian country with uranium for 10 years. If finalized, the $2.8 billion deal would position Cameco as a long-term supplier to India’s ballooning nuclear power sector.
It is worth noting that Cameco Corporation fell sharply after announcing its third-quarter results on November 5, as the company missed estimates on both earnings and revenue. Moreover, Cameco posted lower production guidance for this year due to delays at its flagship McArthur River and Key Lake facilities. So the recent rally could also be a result of investors viewing the stock as undervalued and picking it up at a lower, more favorable price.
Also, Cameco Corporation traded ex-dividend on November 29, which may have spurred activity around the stock due to investors taking advantage of the dividend capture strategy.
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