5 Best Canadian Penny Stocks to Buy Now

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In this article, we will take a look at the 5 best Canadian penny stocks to buy now. To see more such companies, go directly to 10 Best Canadian Penny Stocks to Buy Now.

5. Denison Mines Corp. (NYSE:DNN)

Number of Hedge Fund Holders: 16

Another uranium mining company in our list, Denison Mines Corp. (NYSE:DNN) explores uranium in Blind River and Elliot Lake and has expanded its operations to coal and potash. In June, Denison Mines Corp. (NYSE:DNN) shares jumped after the company posted positive results for a feasibility study regarding Wheeler River project in Saskatchewan.

A total of 16 hedge funds tracked by Insider Monkey had stakes in Denison Mines Corp. (NYSE:DNN) as of the end of the first quarter. The biggest stakeholder of Denison Mines Corp. (NYSE:DNN) was Steve Cohen’s Point72 Asset Management which had a $6.8 million stake in the company.

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