Denison Mines Corp. [DNN] Revenue clocked in at $18.40 million, down -22.63% YTD: What’s Next?

Denison Mines Corp. [AMEX: DNN] price surged by 0.95 percent to reach at $0.01. The company report on August 9, 2022 that Denison Delivers Further Acquisition Proposal to UEX.


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Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) has made a further proposal (an “Acquisition Proposal”) to acquire all of the issued and outstanding shares of UEX Corporation (“UEX”). Under the terms of the Acquisition Proposal, UEX shareholders would receive 0.32 shares of Denison in exchange for each share of UEX held, which represents an implied purchase price of $0.51 per UEX share, on a spot basis, as of the market close on August 8, 2022. View PDF version.

Denison’s Acquisition Proposal represents a 7% premium to the price implied by the amended arrangement agreement between UEX and Uranium Energy Corp. (“UEC”) dated August 5, 2022 (the “Amended UEC Agreement”) based on the one-day volume weighted average price on August 8, 2022, and a 9% premium to the 20-day volume weighted average price implied by the Amended UEC Agreement.

A sum of 5246474 shares traded at recent session while its average daily volume was at 5.58M shares. Denison Mines Corp. shares reached a high of $1.06 and dropped to a low of $1.00 until finishing in the latest session at $1.06.

The average equity rating for DNN stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Denison Mines Corp. [DNN]:

TD Securities have made an estimate for Denison Mines Corp. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on May 27, 2022. The new note on the price target was released on July 18, 2017, representing the official price target for Denison Mines Corp. stock. On April 15, 2013, analysts decreased their price target for DNN shares from 1.80 to 1.50.

The Average True Range (ATR) for Denison Mines Corp. is set at 0.07, with the Price to Sales ratio for DNN stock in the period of the last 12 months amounting to 49.59. The Price to Book ratio for the last quarter was 2.59, with the Price to Cash per share for the same quarter was set at 0.06.

DNN Stock Performance Analysis:

Denison Mines Corp. [DNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.40. With this latest performance, DNN shares gained by 0.95% in over the last four-week period, additionally sinking by -11.67% over the last 6 months – not to mention a rise of 2.91% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DNN stock in for the last two-week period is set at 42.19, with the RSI for the last a single of trading hit 36.44, and the three-weeks RSI is set at 44.81 for Denison Mines Corp. [DNN]. The present Moving Average for the last 50 days of trading for this stock 1.0949, while it was recorded at 1.0940 for the last single week of trading, and 1.3583 for the last 200 days.

Insight into Denison Mines Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Denison Mines Corp. [DNN] shares currently have an operating margin of -116.74 and a Gross Margin at -71.78. Denison Mines Corp.’s Net Margin is presently recorded at +94.89.

Return on Equity for this stock inclined to 6.08, with Return on Assets sitting at 4.16.

Denison Mines Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.90.

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