Is Denison Mines (DNN) Stock Setting Up For A Next Upmove in May?

Uranium stocks have emerged as one of the themes this year so far and much of that has been necessitated by the continued rise in the price of uranium. One of the stocks to have recorded significant gains is Denison Mines Corp (NYSEAMERICAN:DNN) on the back of that momentum and at this point, the stock is being tracked by plenty of investors.

The company is involved in the Uranium exploration and development space and the Denison stock has managed to clock gains of almost 55% in 2021 so far.

This year there has been considerable optimism among investors for companies that are involved with the green energy space. Since Joe Biden took office as the President, the interest in uranium-related stocks has also risen.

On top of that, Denison Mines also announced that it signed an agreement with English River First Nation with regards to the uranium mining project at its Wheeler River Uranium Project. At this point, it is a stock that could be added to the watch lists.

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Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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