Technical Analysis of Denison Mines Corp. (NYSE:DNN)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Denison Mines Corp. (NYSE:DNN) for the period of 9-Day stands at 61.04% while the stochastic %D for the same period stands at 75.95%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Denison Mines Corp. (NYSE:DNN) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Denison Mines Corp. (NYSE:DNN) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Denison Mines Corp. (NYSE:DNN)’s 20-Day Bollinger Band indicates “Hold”.

About Company

DENISON MINES CORPORATION is the premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further,they has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Zambia and Mongolia

Previous Day Activity Analysis

On the last trading day, Denison Mines Corp. (NYSE:DNN) opened the session at $0.51 and after going down -8.06% closed at $0.46. The stock lost -0.05 points in the last trade.

Denison Mines Corp. (NYSE:DNN)’s stock fluctuated in the range of $0.450 and $0.510 during the previous active session. Denison Mines Corp. (NYSE:DNN) traded with the volume of 1.85 Million with average volume of 382.4 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.35 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.03 and 53.89 respectively.

Currently the Insider Ownership of the shares of Denison Mines Corp. (NYSE:DNN) is at 12% and the shares outstanding are 537.85 Million.

Important Ratio Analysis

Some important ratios to consider here for Denison Mines Corp. (NYSE:DNN) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 22.06 and 1.4 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 6.81 and 17.31 correspondingly.

The Quick Ratio of Denison Mines Corp. (NYSE:DNN) stands at 3.5 while the Current Ratio depicts the value of 3.7.

Return on Assets ROA of Denison Mines Corp. (NYSE:DNN) is at -9.2% whereas, Return on Equity ROE and Return of Investment ROI of Denison Mines Corp. (NYSE:DNN) stand at -12.6% and -6.6% respectively.

Stock Performance Analysis

The stock performance of Denison Mines Corp. (NYSE:DNN) on the basis of 5 day trade show the jump of 9.16% whereas, the monthly performance of the stock shows increase of 10.86%.

The quarterly performance of the stock remained in green zone with the value of 2.66% while six month performance of the shares of Denison Mines Corp. (NYSE:DNN) remained bearish with the count of -6.36%.

The yearly and YTD performance of Denison Mines Corp. (NYSE:DNN) remained mix at 4.56% and -9.97% respectively.