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Why Denison Mines Stock Jumped 11% Today

TheMotleyFool

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Why Denison Mines Stock Jumped 11% TodayPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

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. Denison shares closed today's session 11% higher.

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." But there's a complication, too.

Source Fool.com

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