If you’re looking for penny stock investments, chances are you focus on biotech stocks or technology picks. But don’t overlook the energy industry. While the oil majors like Exxon Mobil (NYSE: XOM) and Dow component Chevron (NYSE: CVX) are indeed some of the biggest corporations in the world by market cap, there are plenty of tiny energy penny stocks out there worth your while.
In fact, if you look outside of conventional crude oil stocks there are a number of penny stocks with big profit potential – including some with a focus on nuclear energy and uranium.
Here are four of my favorite energy penny stocks to buy right now that all focus on uranium and the nuclear power industry.
Denison Mines Corp. (DNN)
Denison Mines Corp. (AMEX: DNN) is engaged in the acquisition, exploration and development of uranium bearing properties. The company also extracts, processes, sells and reclaims uranium. Year-to-date, this penny stock has jumped an incredible +145.7%, compared to a gain of +5.6% for the Dow Jones Industrial Average. Last quarter, DNN posted a difference of six cents from its actual quarterly earnings to its original earnings estimate. Trading at $3.08, DNN has a yearly stock range of $1.08 to $3.31. (more)
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