Denison Mines Corp (AMEX: DNN) – Time For Strategy Change?

Denison Mines Corp (AMEX:DNN) currently has a daily average trading volume of 16.03M but it saw 33478917 shares traded in last market. With a market cap of 1.57B USD, the company’s current market price of $1.76 came falling about -10.66 while comparing to the previous closing price of $1.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.47 and as low as $1.21.

Taking a look at 20-day trading activity of Denison Mines Corp (DNN) gives us an average price of $2.0095, while its current price level is -28.74% below from 52-week high level whereas it is 45.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.1018 while that of 200 days or SMA-200 reads an average of $1.9294. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.44% during that period while stretching the period over a month that decreases to 4.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.89 which implies that the stock is in neutral territory.

Over the week, DNN’s stock price is moving -6.38% down while it is -16.98% when we observe its performance for the past one month. Year-to-date it is -0.56% down and over the past year, the stock is showing an upside performance of 37.50%.

Currently, Denison Mines Corp’s total number of outstanding shares is 890.97M. Company’s return on investment (ROI) stands at 8.13% and return on equity (ROE) at 10.52%. It has a price to earnings ratio (P/E ratio) of 40.00. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 3.41 while price to sale or P/S ratio amounts to 205.01. Its return on asset (ROA) is 8.94% on average.