This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Uranium Penny Stocks to Buy

NEW YORK ( TheStreet) -- If you're looking for energy companies to add to your portfolio, oil majors like Exxon Mobil (XOM) and Dow component Chevron (CVX) tend to come to mind first. But although these picks are indeed some of the biggest corporations in the world by market cap, there are plenty of tiny energy stocks out there worth your cash.

In fact, if you look outside of conventional crude powerhouses there are a number of penny stocks with big profit potential -- including some with a focus on nuclear energy and uranium.
  • Related Article: How to Invest in Nuclear Energy via ETFs
  • Here are four of my favorite energy penny stocks to buy right now. All focus on uranium and the nuclear power industry.

    Denison Mines

    Denison Mines (DNN - Get Report) 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 with 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.
  • Related Article: 5 Bargain Stocks Below $5
  • Uranerz Energy Corp.

    Uranerz Energy Corp. (URZ) is also involved with the acquisition, development and development of uranium properties. The company mainly operates in Texas, Wyoming and Saskatchewan, Canada. Since January, URZ stock has gained 204.6%, compared with much smaller gains by the broader markets. Uranerz may have a market cap of just $255 million, but the penny stock does offer great potential profits. URZ is close to its 52-week high of $4.13, as it currently trades at $4.00.

    Uranium Resources I

    Headquartered in Texas, Uranium Resources I (URRE) is a uranium exploration, mine development and production company. URRE is the biggest gainer on this list, as the stock has jumped 374% since January. In fact, since September the uranium developer has gained 462%! URRE may be the best buy on this list, with its inexpensive stock price of just $3.65. Lastly, the stock is trading very close to its 52-week high of $3.71.

    Ur-Energy Inc.

    Ur-Energy Inc. (URG - Get Report) is engaged in the identification, acquisition, evaluation, exploration and development of uranium in Canada and the United States. Year to date, URG stock is up 175%, and it's up 154% since the start of September. Fittingly, URG rounds out the list as another stock that is approaching its 52-week high. Currently trading at $2.10, URG stock is just eight cents below its highest mark of the year.

    As of this writing, Louis Navellier did not own a position in any of the stocks named here.
    One of Wall Street's renowned growth investors, Louis Navellier is the editor of four investing newsletters: Emerging Growth (formerly known as MPT Review), Blue Chip Growth, Quantum Growth and Global Growth. His longest-running publication, Emerging Growth, has a track record of beating the market nearly 3 to 1. Navellier is the author of a BusinessWeek bestseller, "The Little Book That Makes You Rich," and the chairman and founder of Navellier & Associates, Inc.

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Options Profits

    Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

    Product Features:
    • Actionable options commentary and news
    • Real-time trading community
    SYM TRADE IT LAST %CHG
    URG $0.58 1.75%
    URRE $0.78 10.73%
    URZ $0.00 0.00%
    DNN $0.46 6.84%
    TSLA $238.91 6.30%

    Markets

    Chart of I:DJI
    DOW 16,654.77 +369.26 2.27%
    S&P 500 1,987.66 +47.15 2.43%
    NASDAQ 4,812.7080 +115.1720 2.45%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs