Denison Mines (TSE:DML) Stock Price Passes Above 200-Day Moving Average of $1.61

Shares of Denison Mines Corp. (TSE:DMLGet Rating) (NYSE:DNN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

Denison Mines Trading Up 3.8 %

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

Denison Mines (TSE:DMLGet Rating) (NYSE:DNN) last posted its earnings results on Thursday, November 3rd. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.01). The firm had revenue of C$3.04 million for the quarter. On average, equities analysts expect 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 Denison Mines stock in a transaction dated 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 sale, the director now directly owns 1,611,350 shares in the company, valued at C$2,926,211.60.

About Denison Mines

(Get Rating)

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.

Further Reading

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