Yesterday, Denison Mines Corp. (TSE:DML), (PINK:DNSNF ) stock was on the crest of the high and powerful wave of its best performance.
Though the huge stir, investors were not able to overcome the shot at the beginning of this month 52-week high.
Earlier this month, Denison Mines Corp. released the initial estimates of mineral resources contained in its Wheeler River project located in the rich Athabasca Basin of northern Saskatchewan.
Following the news, the price of the company’s shares soared in unison with the statement of the company’s President and CEO: “There are only two other uranium deposits today in the world with average grades similar to Phoenix A, being McArthur River and Cigar Lake.”
On the same day, DML noted a new 52-week high above $3 per share on a higher than yesterday’s trading volume.
Last Wednesday, Denison Mines Corp. announced the Technical Report on the Phoenix Deposit in the Wheeler River Project, prepared in accordance with the National Instrument 43-101 (NI 43-101). This originated a second wave of huge demand for the shares.[BANNER]
Yesterday, the report was filed to SEDAR, which was followed by even the most skeptical investors entering the market.
During the first for September trading session, DML stock was valued by investors at $1.47 per share. Since then, the shares of Denison Mines Corp. gained 101%.
Yesterday, DML closed the market at $2.96 on a volume of more than 6.5 million shares changing hands. This was the next in row aimed at more highs upward move of the share price and the company is now valued at $1.01 billion.
