10 Best Stocks Under $3 to Buy Now

2. Denison Mines Corp. (NYSEAMERICAN:DNN)

Share Price: $1.30

Number of Hedge Fund Holders: 31

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canadian uranium mining, exploration, development, and production company with interests focused in the Athabasca Basin region of northern Saskatchewan. DNN is one of the top stocks under $3 to invest in. The company is currently working to advance its development and exploration projects. Denison Mines Corp. (NYSEAMERICAN:DNN) reported that the SABRE program at the McClean North deposit is progressing well and is on track for production in 2025. The company is also working on its portfolio of other development and exploration projects. In its Q3 2024 report, Denison Mines Corp. (NYSEAMERICAN:DNN) reported positive progress in engineering and regulatory approvals for the Phoenix In-Situ Recovery (ISR) uranium mining operation. By the end of Q3 2024, the company had completed 45% of the total engineering work.

Additionally, for the Wheeler River Uranium Project, Denison Mines Corp. (NYSEAMERICAN:DNN) announced that a public hearing has been scheduled with the Canadian Nuclear Safety Commission (CNSC). This hearing is the final step in the federal approval process for the project’s environmental assessment and license to construct a uranium mine and mill. If the project is approved following the hearing, Denison Mines Corp. (NYSEAMERICAN:DNN) expects to start site preparation and construction for the Phoenix ISR project in early 2026.