Denison Mines (DNN) Soars 90% YTD: Will It Hit $5 Soon?

The uranium sector has thrown up plenty of interesting options for investors in recent times and one of the stocks that could well be worth following at this point is that of Denison Mines (NYSE: DNN).

The stock has gained considerable momentum in 2021 and has delivered gains of as big as 90% this year so far. There has not been any news about the company in recent days but considering the gains made by the Denison stock this year, it could be a good idea to take a closer look.

In recent years, there has been a lot of clamor about switching to nuclear power in order to supply the world with the increasing electricity demand. Uranium is used in order to power those reactors and if there is a meaningful thrust for nuclear power then it could prove to be a massive boost for companies like Denison Mines. Hence, the Denison Mines stock is something that could be made a part of the long-term watch list by investors.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life