Denison Mines shares surge on rising uranium prices, while The Valens Co. slumps on increased net losses. Here are the past week’s winners and losers

Denison Mines shares surge on rising uranium prices, while The Valens Co. slumps on increased net losses. Here are the past week’s winners and losers

Winners

Denison Mines Corp. (DML.TO) +17.3%

Spot prices of uranium skyrocketed throughout the month of September, closing at $42.60 (U.S.) per pound on Sept. 30, compared to $34.25 per pound on Aug. 31. Denison Mines, a Canadian uranium exploration and development company, saw its share price increase almost 20 per cent from market open Tuesday to market close Thursday. In its second-quarter fiscal 2021 results, the company reported revenues of $4.6 million, up from $2.9 million the prior year with a net loss of $2.4 million, down from $1 million in 2020.

Aritzia Inc. (ATZ.TO) +16.9% Vertically integrated fashion conglomerate Aritzia reported its second-quarter fiscal 2022 results on Wednesday. Revenues increased to $350 million from $200 million the prior year with a high gross profit margin of 45 per cent, compared to 35 per cent during the second-quarter fiscal 2021. The growth in the top line, coupled with […]

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