Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Denison Mines Corp’s current trading price is -8.84% away from its 52-week high, while its distance from the 52-week low is 104.17%. The stock’s price range during this period has varied between $0.96 and $2.15. The company, active in the Energy sector, saw a trading volume of around 6.32 million for the day, considerably lower average daily volume of 13.77 million observed over the last three months.
Denison Mines Corp had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $2.15 on 02/01/24, while the lowest price during the same period was $0.96 on 03/27/23.
How Financial Performance Impacts Market Capitalization
Denison Mines Corp (DNN) has experienced a quarterly rise of 9.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.75B.
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 1.8303, with a change in price of +0.4050. Similarly, Denison Mines Corp recorded 12,529,985 in trading volume during the last 100 days, posting a change of +25.80%.
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
As of today, the raw stochastic average of Denison Mines Corp over the last 50 days is at 58.33%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 87.50%. Further, the company’s Stochastic %K and %D values for the last 20 days were 86.70% and 81.18%, respectively.
DNN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 10.73%. However, over the past six months, we’ve seen a weaker performance of 20.25%. The price of DNN fallen by 11.36% over the last 30 days. And in the last five days, it has surged by 3.70%.
