Q: This stock has over 27,000,000 trades today on the US side, with more or less moderate trading on the Canadian side. Why have Americans jumped on this…?
Thanks
Thanks
5i Research Answer:
DNN had nine block trades near the close on Tuesday, totalling nearly 3M shares. But the overall volume was actually lower than it has been for several weeks, on average. US investors have few public options in the uranium space. DNN is up 39% YTD and sector outlook remains strong. There has been no significant company news this week, but the decision last week to build the Pheonix Mine was likely a trigger for US investors to pay more attention overall to DML/DNN.