Denison Mines Corp. (NYSEAMERICAN:DNN) is one of the Best High Volume Penny Stocks to Buy. National Bank raised its price target to $3.65 following the finalization of a deal with Skyharbour Resources Ltd. The joint venture includes four projects near Denison’s Wheeler River Project in Canada’s Athabasca Basin.

The ownership split gives Denison stakes ranging from 20% to 70% in the joint ventures. The company will operate Wheeler North and Wheeler River Inliers, while Skyharbour will lead the other two projects. Denison also secured “Earn-In Option Agreements” for Wheeler North and Getty East.

Denison Mines Corp. (NYSEAMERICAN:DNN) focuses on uranium exploration, development, and mining in Canada’s Athabasca Basin. While DNN shows investment potential, some believe certain AI stocks offer greater upside and lower risk. For more on an undervalued AI stock with potential benefits from current economic trends, see a free report on the best short-term AI stock.

Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Here’s What National Bank Thinks About Denison Mines Corp (DNN)