Connor Clark & Lunn Investment Management Ltd. Acquires 3,838,504 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 116.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,131,404 shares of the basic materials company's stock after buying an additional 3,838,504 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.80% of Denison Mines worth $12,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DNN. Integrated Investment Consultants LLC bought a new position in shares of Denison Mines in the third quarter worth about $27,000. Vantage Point Financial LLC bought a new stake in Denison Mines during the 4th quarter worth approximately $34,000. Avantax Advisory Services Inc. bought a new stake in Denison Mines during the 4th quarter worth approximately $49,000. Fiduciary Family Office LLC purchased a new position in Denison Mines during the fourth quarter valued at approximately $50,000. Finally, Continuum Advisory LLC boosted its position in shares of Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after purchasing an additional 14,688 shares during the period. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Stock Up 2.1 %

NYSEAMERICAN DNN traded up $0.03 on Wednesday, reaching $1.49. The company had a trading volume of 45,372,098 shares, compared to its average volume of 24,252,658. The stock has a market capitalization of $1.33 billion, a PE ratio of -149.00 and a beta of 1.75. Denison Mines Corp. has a 12 month low of $1.27 and a 12 month high of $2.47. The firm's 50 day moving average price is $1.74 and its 200 day moving average price is $1.94.

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Denison Mines Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.