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DNN Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: DNN's position in the uranium market is bolstered by rising demand from government initiatives and its solid balance sheet. Positive trends in uranium prices could propel DNN towards growth, supported by favorable historical performance seen in multi-year holds.



Bearish Case: Despite potential growth, DNN's history of volatility and recent flat price actions raise concerns. Market uncertainties and low trading volumes suggest the possibility of continued stagnation or decline if uranium prices fail to recover.



Potential Outcomes:
  • (45%) DNN benefits from rising uranium prices due to increased government demand.
  • (30%) Continued flat performance due to low investor interest and market inaction.
  • (25%) Decline if global economic pressures negatively impact uranium prices.



Trading Oracle: Implement a long volatility strategy by buying DNN $2.00 calls and selling $2.50 calls expiring on January 17, 2025. Leverage potential price increases in uranium, riding projected market growth with a strong risk-reward profile, targeting a favorable edge given current market conditions.


November 22, 2024


Denison Mines Forecast

DNN        Denison Mines

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