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« Uranium Resources Incorporated Up 8.81% Today | Main | Crosshair Exploration and Mining Corporation Quadrupled since July 2010 »

Denison Mines Corporation up 17.13% Yesterday

DNN Chart 26 Nov 2010.JPG

Just a quick note for the supporters of Denison Mines Corporation (DNN) which has popped up yesterday on a heavy volume, DNN has pushed higher with a gain of 17.13% or $0.43, to close at $2.94, possibly due to the rumour that uranium has hit $60/lb. The technical indicators are positive and have room to move higher so hopefully we just might see a little more progress over the coming days.

We purchased Denison Mines back in January 2009 for $1.66 so we now have a paper profit of about 75%, so at least its a step in the right direction. We may pick up a few more on dips in the future, but we have yet to make that decision. We will of course keep you posted if we do decide to commence buying in earnest.

Denison Mines Corporation trades on the AMEX under the symbol of DNN and on the Toronto Stock Exchange as DML. (In Toronto today DML gained another 8% or so)

Market capitalization is $998.78 million, average volume ranging from 2 -6 million shares traded, 52 week high $3.09, 52 week low $1.08, closed yesterday at $2.94.

Other uranium stocks doing well yesterday are as follows:

MGA Up 11.76%
CCJ Up 5.60%
UEX Up 6.10%
UUU Up 8,65%
URE Up 2.50%

If you have your eye on a few uranium stocks now might be a good time to start a 'layering in' approach to acquiring them gently over time.

Meanwhile back at the ranch during our knockabout sessions we have toyed with the idea of running an Accumulator whereby we make a trade and then use the total proceeds for the next trade and so on. So the stake and any profits are rolled into the next move, if you would like to comment on this idea, then please click here.

Over in the options trading pit the team have are updating the progress chart to include closed trades, now 53 winners and out of 55 trades, having been stopped out of a trade with a profit of 41.84% made in just 8 days.

SK Chart 25 Nov 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today?

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

Uranium Spot Price Chart 26 Nov 2010.JPG

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