Denison Mines (TSE:DML) Reaches New 12-Month Low at $0.50

Shares of Denison Mines Corp (TSE:DML) (NYSE:DNN) reached a new 52-week low on Friday . The company traded as low as C$0.50 and last traded at C$0.51, with a volume of 581199 shares. The stock had previously closed at C$0.53.

DML has been the topic of several research analyst reports. TD Securities lowered their target price on shares of Denison Mines from C$0.95 to C$0.80 and set a “hold” rating on the stock in a research note on Monday. Raymond James reissued a “market perform” rating and set a C$1.25 target price on shares of Denison Mines in a research note on Friday, August 30th. Finally, Eight Capital raised their target price on shares of Denison Mines from C$1.70 to C$1.80 in a research note on Tuesday, September 3rd.

The company’s 50 day moving average price is C$0.58 and its 200-day moving average price is C$0.62. The company has a market cap of $316.50 million and a price-to-earnings ratio of -10.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.03 and a current ratio of 1.33.

About Denison Mines (TSE:DML)

Denison Mines Corp. operates as a uranium exploration and development company with focuses in the Athabasca Basin region of northern Saskatchewan, Canada. Its projects primarily includes the Wheeler River, the Waterbury, the Midwest, the McClean Lake and Mill, and the Hook-Carter that covers approximately 320,000 hectares in the Athabasca Basin region.

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