Stock News Update: Denison Mines Corp. (NYSE:DNN)

Denison Mines Corp. (NYSE:DNN) stock observed trading -35.81% off 52-week high price. On the other end, the stock has been noted 94.79% away from low price over the last 52-weeks. The stock disclosed a move of -20.91% away from 50 day moving average and -5.66% away from 200 day moving average. Moving closer, we can see that shares have been trading -14.20% off 20-day moving average. It has market cap of $227.07M.

On Oct. 8, 2020, Denison Mines Corp. (NYSE American:DNN) is pleased to declared that it has agreed with Cantor Fitzgerald Canada Corporation (CFCC) and Haywood Securities Inc. (Haywood), as co-lead underwriters and joint book-runners (the Co-Lead Underwriters) on behalf of themselves and a syndicate of underwriters, including Canaccord Genuity Corp., Scotia Capital Inc. and TD Securities Inc. (collectively with CFCC and Haywood, the Underwriters), in connection with the previously announced bought deal offering of common shares of the Company (the Offered Shares) at a price of US$0.37 per Offered Share (the Issue Price), to increase the size of the offering to 47,000,000 Offered Shares for aggregate gross proceeds of approximately US$17.4 million (the Offering).

In addition, Denison has agreed to grant to the Underwriters an over-allotment option (the Over-Allotment Option) exercisable, in whole or in part, at the sole discretion of the Underwriters to purchase up to an additional 7,050,000 Offered Shares at the Issue Price for a period of up to 30 days after the closing of the Offering, for potential additional gross proceeds to Denison of up to approximately US$2.6 million.

Proceeds of the Offering are anticipated to be used to fund evaluation and environmental assessment activities on Denison’s Wheeler River project, as well as for general working capital purposes.

The Canada based company Denison Mines Corp. moved with change of -19.05% to $0.37 with the total traded volume of 14550972 shares in recent session versus to an average volume of 1.25M. The stock was observed in the 5 days activity at -7.50%. The one month performance of stock was -21.37%. DNN’s shares are at 1.18% for the quarter and driving a -21.97% return over the course of the past year and is now at -10.82% since this point in 2018.  Right now the stock beta is 2.05. The average volatility for the week and month was at 10.76% and 8.01% respectively. There are 621.23M shares outstanding and 612.39M shares are floated in market.

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