Denison Mines (NYSEAMERICAN:DNN) Sets New 1-Year Low - Should You Sell?

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shares reached a new 52-week low during trading on Monday . The company traded as low as $1.32 and last traded at $1.32, with a volume of 6431950 shares trading hands. The stock had previously closed at $1.39.

Denison Mines Stock Down 3.2 %

The stock has a market cap of $1.23 billion, a P/E ratio of -137.50 and a beta of 1.75. The business has a 50 day moving average price of $1.78 and a 200 day moving average price of $1.96.

Institutional Trading of Denison Mines

A number of hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in Denison Mines by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after buying an additional 8,500 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Denison Mines by 35.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 8,783 shares during the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of Denison Mines by 26.2% during the 4th quarter. Legacy Capital Group California Inc. now owns 43,374 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 9,002 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Denison Mines by 3.8% during the 4th quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company's stock valued at $481,000 after purchasing an additional 9,831 shares during the last quarter. Finally, Old West Investment Management LLC lifted its holdings in shares of Denison Mines by 0.7% during the 4th quarter. Old West Investment Management LLC now owns 1,450,353 shares of the basic materials company's stock valued at $2,611,000 after purchasing an additional 10,251 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company's stock.

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Denison Mines Company 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.