Denison Mines Corp (AMEX:DNN) price on Friday, May 31, rose 0.41% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.43.
A look at the stock’s price movement, the level at last check in today’s session was $2.42. The PE ratio in trailing twelve months stood at 55.23. Turning to its 52-week performance, $2.45 and $1.00 were the 52-week high and 52-week low respectively. Overall, DNN moved 19.12% over the past month.
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Denison Mines Corp’s market cap currently stands at around $2.17 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DNN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
DNN’s current price about 10.56% and 15.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.50, while 7-day volatility ratio is 3.76% and 4.37% in the 30-day chart. Further, Denison Mines Corp (DNN) has a beta value of 1.72, and an average true range (ATR) of 0.09.
If we refocus on Denison Mines Corp (AMEX:DNN), historical trading data shows that trading volumes averaged 16.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 890.97 million shares.
The 0.85% of Denison Mines Corp’s shares are in the hands of company insiders while institutional holders own 45.58% of the company’s shares. Current price change has pushed the stock 37.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DNN stock continues to rise going into the next quarter.
