Denison Mines Corp. (AMEX: DNN), a company engaged in uranium exploration, development, mining and milling with projects in the U.S. and Canada, is down sharply in mid-day trading today, reversing some of the gains from Monday’s trading session when the stock had finished more than 5% higher.
DNN is currently trading 1.60% lower at $1.23 on volume of 395,506, which is well below the daily average volume of 667,413. DNN has slipped from $1.30 resistance level. The stock has struggled to break through this level for a while now. A bullish trend will be established if DNN can break through this level. The stock currently has support at around $1.20.
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Vringo Inc. (AMEX: VRNG), a development-stage company engaged in the development of software for mobile phones, is marginally higher in mid-day trading today after the company announced that Ashley Keller joined its Board of Directors. VRNG Chairman Seth M. Siegel said that Keller’s investment, legal, and patent litigation expertise brings a unique perspective to the Board.
VRNG was trading 0.70% higher, at last check. The stock has gained more than 3% in the last three trading sessions.
VRNG had bounced back sharply on Monday after falling sharply last week. The stock currently faces resistance at around $3. If it breaks through this level then the next resistance level will be at $3.25.
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Source: Investor Alley, Inc