Why Denison Mines Stock Jumped 11% Today

·2-min read
Why Denison Mines Stock Jumped 11% Today

Shares of Canadian uranium exploration, development, and production company Denison Mines (NYSEMKT: DNN) jumped double digits today after the company made an offer to buy JCU Exploration. Yesterday, Denison made an offer to Overseas Uranium Resources Development (OURD) to acquire 100% ownership of JCU, a subsidiary of OURD. In a statement, Denison management said "Denison welcomes the opportunity to build on its long history of partnership with OURD and JCU to effect the acquisition of JCU, as presented in the Denison Offer, and bring significant additional benefit to the shareholders of OURD."

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting