Denison Mines Corp (DNN) Stock: Navigating Drops and Gains

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Denison Mines Corp’s current trading price is -5.58% away from its 52-week high, while its distance from the 52-week low is 120.17%. The stock’s price range for this time frame has been between $0.92 and $2.15. The trading volume of the company’s shares in the Energy reached around 10.66 million for the day, which was evidently higher than the average daily volume of 0.85 over the last three months.

The market performance of Denison Mines Corp has been somewhat stable. Over the past year, the company’s stock achieved a high of $2.15 on 02/01/24, with the lowest value for the same timeframe being $0.92, recorded on 03/16/23.

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How Financial Performance Impacts Market Capitalization

Denison Mines Corp (DNN) has experienced a quarterly rise of 29.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.80B.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.74, with a change in price of +0.42. Similarly, Denison Mines Corp recorded 11,693,315 in trading volume during the last 100 days, posting a change of +26.09%.

How DNN’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for DNN stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

DNN Stock Stochastic Average

The raw stochastic average for Denison Mines Corp over the last 50 days is presently at 76.92%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 57.14%. Further, the company’s Stochastic %K and %D values for the last 20 days were 57.99% and 67.38%, respectively.

DNN Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The index has shown a price gain of 14.69% this year. Over the last six months, there has been a weaker performance of 47.10%. The price of DNN fallen by 12.78% during the last 30 days period. For the last 5-days stocks have slided -2.40%.

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