Denison Mines (TSE:DML) Stock Price Passes Above Two Hundred Day Moving Average of $1.61

Denison Mines Corp. (TSE:DMLGet Rating) (NYSE:DNN)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.61 and traded as high as C$1.90. Denison Mines shares last traded at C$1.90, with a volume of 2,241,914 shares traded.

Analyst Ratings Changes

Separately, Raymond James decreased their price target on Denison Mines from C$2.60 to C$2.50 in a research report on Friday, October 21st.

Denison Mines Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 3.12. The firm has a market cap of C$1.56 billion and a price-to-earnings ratio of 190.00. The stock’s fifty day moving average price is C$1.62 and its 200-day moving average price is C$1.61.

Denison Mines (TSE:DMLGet Rating) (NYSE:DNN) last announced its earnings results on Thursday, November 3rd. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). The firm had revenue of C$3.04 million for the quarter. Equities research analysts predict that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David Daniel Cates sold 288,000 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of C$1.82, for a total transaction of C$523,008.00. Following the completion of the sale, the director now directly owns 1,611,350 shares in the company, valued at C$2,926,211.60.

Denison Mines Company Profile

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Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.

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