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On October 10, 2025,
(DNN) closed with a 1.77% gain, trading with a $0.40 billion volume that ranked it 322nd among active stocks. The move followed a series of developments in the uranium sector that directly impacted its market position.Recent industry reports highlighted renewed investor interest in uranium equities driven by geopolitical tensions and supply chain constraints. Denison's exploration activities in Saskatchewan, a key uranium-producing region, were cited as a catalyst for short-term momentum. Analysts noted that the company's strategic partnerships and reserve expansions had positioned it to benefit from sustained demand, though long-term price volatility remains a risk factor.
Technical indicators showed increased short-term buying pressure, with on-balance volume (OBV) crossing above key resistance levels. However, broader market sentiment remained mixed as energy transition funds rebalanced portfolios, creating uneven flows across commodity-linked assets.
To run this back-test I need to clarify a few practical details first: 1. Market universe – which exchange(s) should the 500 most-active stocks be drawn from (e.g., all U.S. listed equities, only the S&P 500 constituents, a specific exchange such as NASDAQ, etc.)? 2. Trade-price convention – do you want to buy at each day’s CLOSE and liquidate at the next day’s CLOSE, or buy at the next day’s OPEN (after the volume ranking is known) and liquidate at that day’s CLOSE? 3. Rebalancing / weighting – should the 500 names be equally-weighted each day, or weighted by something else (e.g., volume, market-cap)? 4. Transaction costs & slippage – do you want to include any cost assumption, or treat trades as frictionless? Once I have these details I can set up the data pulls and run the strategy back-test from 2022-01-01 through today.

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