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DNN’s Stock Dilemma: Denison Mines Corp’s Market Performance and Outlook

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In terms of market performance, Denison Mines Corp had a somewhat regular. The highest value for the stock in the past year was $2.47 on 05/31/24, while the lowest value was $1.40 on 09/06/24.

52-week price history of DNN Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Denison Mines Corp’s current trading price is -15.38% away from its 52-week high, while its distance from the 52-week low is 49.29%. The stock’s price range during this period has fluctuated between $1.40 and $2.47. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 40.37 million for the day, which was evidently higher than the average daily volume of 18.54 million over the last three months.

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Financial Performance and Market Capitalization

Denison Mines Corp (DNN) has experienced a quarterly rise of 31.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.64B and boasts a workforce of 64 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.87, with a change in price of +0.07. Similarly, Denison Mines Corp recorded 18,243,170 in trading volume during the last 100 days, posting a change of +3.47%.

DNN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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 68.04%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 27.91%. Further, the company’s Stochastic %K and %D values for the last 20 days were 25.58% and 29.80%, respectively.

DNN Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 18.08%.However, over the last six months, we can see a stronger performance of -6.70%. Over the last 30 days, the price of DNN has leaped by -6.28%. And in the last five days, it has surged by 2.45%.

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