Denison Mines Corp (AMEX:DNN) shares, rose in value, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $1.97.
Actively observing the price movement in the last trading, the stock closed the session at $1.99. The PE ratio was 44.77 over 12-month period. Referring to stock’s 52-week performance, its high was $2.25, and the low was $1.00. On the whole, DNN has fluctuated by 1.03% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DNN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DNN currently trading nearly -4.37% and 1.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.73, while the 7-day volatility ratio is showing 4.15% which for the 30-day chart, stands at 4.98%. Furthermore, Denison Mines Corp (DNN)’s beta value is 1.68, and its average true range (ATR) is 0.10.
A comparison of Denison Mines Corp (DNN) with its peers suggests the former has fared considerably weaker in the market. DNN showed an intraday change of -1.01% in last session, and over the past year, it grew by 93.14%%.
Data on historical trading for Denison Mines Corp (AMEX:DNN) indicates that the trading volumes over the past 3 months, they’ve averaged 14.60 million. According to company’s latest data on outstanding shares, there are 890.97 million shares outstanding.
Nearly 1.48% of Denison Mines Corp’s shares belong to company insiders and institutional investors own 45.02% of the company’s shares. The stock has risen by 11.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DNN stock heading into the next quarter.
