Denison Mines Corp. (DNN) is a leading uranium exploration and expansion company engaged in the north of Saskatchewan, Canada. It has a 22.5% ownership interest in the McClean Lake along with a 25.17% interest in the Midwest Main deposits, and a 66.90% interest in the Waterbury Lake property. It is also focused on mine decommissioning and environmental amenities via its Closed Mines group.
The price of DNN stock during regular trading on March 3, 2022, was $1.52 with a decrease of 5.59%. In the aftermarket, its price was last checked to drop further by 15.7%.
DNN: Key Financials
On March 3, 2022, DNN released its consolidated and audited financials Management’s Discussion & Analysis for the year ended December 31, 2021. Some of the integral highlights are discussed below.
Revenue
Total revenue in the year 2021 was $20 million in comparison to $14.4 million in the same period of 2020. The revenue of the company inclined by $5.5 million over the year.
EPS
Net income basic and diluted per share in the FY21 was $18.9 million or $0.02 as compared to a net loss of $16.2 million or $0.03 in the comparable period of 2020. The company observed a notable gain in its earnings over the year.
DNN: Events and Happenings
On February 16, 2022, DNN reported numerous intersections of uranium mineralization beyond the previous extents of the high-grade domain in the Phoenix uranium deposit. Three drill holes were finished during the 2021 fall to follow up the unearthing of uranium mineralization in drill hole GWR-045.
On January 19, 2022, DNN updated on the approval of a modification to the uranium mine and mill license by the Canadian Nuclear Safety Commission to permit the extension of the JEB Tailings Management Facility. On January 13, 2022, DNN announced the execution of a Repayment Schedule Contract with the Uranium Industry. Both the companies negotiated the reimbursement of the debt owed from UI to the company and the receipt of an initial US$2 million debt reimbursement installment.
Conclusion
DNN stock is 47% up the past year as the world is switching more to power generation using more viable options such as Uranium. The recent sink of the stock in the aftermarket is the probable effect of its financial statement announcement. Although the company showed optimistic financials from the past year, it didn’t meet the analysts’ expectations.
