Hot Stock: Denison Mines, Shares Drop 6.2% (DNN)

Published on Mon, 03/18/2013 - 12:24
By Robert Cotter in Market movers, dnn, amex:dnn, denison mines, penny stocks

Denison Mines (AMEX:DNN) is one of today's worst performing low-priced stocks, down 6.2% to $1.36 on 1.0x average daily volume. Thus far today, Denison Mines has traded 643,000 shares, vs. average volume of 616,000 shares per day. The stock has underperformed the Dow (-6.2% to the Dow's -0.1%) and underperformed the S&P 500 (-6.2% to the S&P's -0.3%) during today's trading.

Potential upside of 35.2% exists for Denison Mines, based on a current level of $1.36 and analysts' average consensus price target of $1.84. Denison Mines shares have support at the 50-day moving average (MA) of $1.36 and additional support at the 200-day MA of $1.35.

In the past 52 weeks, shares of Denison Mines have traded between a low of $1.03 and a high of $1.98 and are now at $1.36, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

Denison Mines Corporation explores and produces uranium concentrates. The Company holds interest in properties in the United States, Canada, and Mongolia. Denison also has a mining project in Zambia.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Top 5 Companies in the Specialized Finan...

We looked at the Specialized Finance industry and measured relative performance to find ...

Teradyne has Relatively Underperformed i...

Below are five companies in the Semiconductor Equipment industry that underperformed ye ...

Short-term Underperformance Detected in ...

Here are 5 stocks in the Retail REITs industry ranked by performance. We compiled the ...

Relatively Good Performance Detected in ...

Below are the top five companies in the Soft Drinks industry as measured by relative pe ...

Top 5 Companies in the Semiconductors In...

Below are the top five companies in the Semiconductors industry as measured by relative ...

Papa John's International has Relatively...

Below are five companies in the Restaurants industry that underperformed yesterday on a ...

Top 5 Companies in the Restaurants Indus...

We looked at the Restaurants industry and measured relative performance to find the top ...

Validus Holdings has Relatively Underper...

Below are five companies in the Reinsurance industry that underperformed yesterday on a ...