Last year Denison Mines (NYSE: DNN) managed to rise to $1.97, during trading sessions it used to surge over the $2 mark but was closing near $1.90. The most mined resource for the company is uranium as it is very essential to nuclear energy plants.
Sometimes mining the radiation having uranium becomes so costly as the operating costs and expenses overtake revenue sales.
For DNN stock crossing the $2 value is piece of cake
When the energy products get costly, electricity power will also jump in price. Therefore, demand for uranium will most probably rise this year. So the $2 mark might be surpassed in upcoming months. Watching DNN is the wisest idea to get a signal of breakout on time.