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 Video: What is a Stock Split?
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| Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. Co. holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. According to our DNN split history records, Denison Mines has had 3 splits. | |
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Denison Mines (DNN) has 3 splits in our DNN split history database. The first split for DNN took place on December 07, 2016. DNN's second split took place on December 07, 2006. This was a 288 for 100 split, meaning for each 100 shares of DNN owned pre-split, the shareholder now owned 288 shares. For example, a 1000 share position pre-split, became a 2880 share position following the split. DNN's third split took place on July 02, 2012. This was a 1182 for 1000 split, meaning for each 1000 shares of DNN owned pre-split, the shareholder now owned 1182 shares. For example, a 2880 share position pre-split, became a 3404.16 share position following the split.
When a company such as Denison Mines splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the DNN split history from start to finish, an original position size of 1000 shares would have turned into 3404.16 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Denison Mines shares, starting with a $10,000 purchase of DNN, presented on a split-history-adjusted basis factoring in the complete DNN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/23/2015 |
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| End date: |
06/20/2025 |
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| Start price/share: |
$0.79 |
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| End price/share: |
$1.74 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
120.25% |
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| Average Annual Total Return: |
8.22% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,033.08 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/07/2016 | 1 for 1 | | 12/07/2006 | 288 for 100 | | 07/02/2012 | 1182 for 1000 |
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