Denison Mines Corp (AMEX:DNN) shares, rose in value on Thursday, May 08, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $1.52.
Actively observing the price movement in the last trading, the stock closed the session at $1.51. Referring to stock’s 52-week performance, its high was $2.47, and the low was $1.08. On the whole, DNN has fluctuated by 32.17% over the past month.
With the market capitalization of Denison Mines Corp currently standing at about $1.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of DNN currently trading nearly 9.83% and 10.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.38, while the 7-day volatility ratio is showing 5.30% which for the 30-day chart, stands at 6.36%. Furthermore, Denison Mines Corp (DNN)’s beta value is 1.45, and its average true range (ATR) is 0.08.
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 0.66% in last session, and over the past year, it shrunk by -30.59%%.
Data on historical trading for Denison Mines Corp (AMEX:DNN) indicates that the trading volumes over the past 3 months, they’ve averaged 63.74 million. According to company’s latest data on outstanding shares, there are 895.71 million shares outstanding.
Nearly 0.77% of Denison Mines Corp’s shares belong to company insiders and institutional investors own 49.94% of the company’s shares. The stock has fallen by -15.56% 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.
