Bullboard - Stock Discussion Forum Denison Mines Corp DNN

Primary Symbol: T.DML

Energy

Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22... see more

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Denison Mines Corp > short term trend (one year) for uranium stocks

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Post by ckwong on Mar 07, 2022 8:36am

short term trend (one year) for uranium stocks

The spot price is back to U$50. If this is very short term, the future price for April, May, ... will be backwardation. But they are contango up to U$58.95 for Feb 2027 delivery. Will uranium stocks fall along with the market? The most recent market activities indicate some detachment to some extend. There were days that market falls but uranium stocks went crazy (Feb 28, Mar 1). On the other hand, like last Friday, the spot was up to U$50 but the uranium stocks fell along with the market.

But I think in short term, uranium stocks will perform better than the market for 2022 due to future's energy inscurity.

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