DNN Stock Price Increased 14.95%: Why It Happened

By Amit Chowdhry ● March 3, 2021
  • The stock price of Denison Mines Corp (NYSEAMERICAN: DNN) increased by 14.95%. This is why it happened.

The stock price of Denison Mines Corp (NYSEAMERICAN: DNN) – a company that operates as a uranium exploration and development company in Canada- increased by 14.95% as it went from a previous close of $1.07 to $1.23. It appears that there has been a coordinated gamma squeeze through social media platforms like Reddit, StockTwits, and Discord on the broader uranium market. Some of the other stocks in the space that also saw a stock price increase yesterday include Cameco (+7.94%), NexGen Energy (+8.96%), and Energy Fuels (+19.27%).

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