Traders Buy Large Volume of Denison Mines Call Options (NYSEAMERICAN:DNN)

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML was the recipient of some unusual options trading on Wednesday. Stock traders purchased 36,029 call options on the company. This is an increase of approximately 489% compared to the average daily volume of 6,122 call options.

Denison Mines Trading Down 2.0 %

NYSEAMERICAN DNN traded down $0.03 during trading on Friday, hitting $1.50. 71,941,195 shares of the company traded hands, compared to its average volume of 24,790,852. Denison Mines has a 12 month low of $1.27 and a 12 month high of $2.47. The business has a fifty day simple moving average of $1.72 and a 200 day simple moving average of $1.93. The company has a market capitalization of $1.34 billion, a P/E ratio of -150.00 and a beta of 1.75.

Hedge Funds Weigh In On Denison Mines

A number of institutional investors have recently made changes to their positions in DNN. Van ECK Associates Corp raised its holdings in Denison Mines by 43.3% in the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Denison Mines in the 3rd quarter valued at approximately $505,000. Prescott Group Capital Management L.L.C. acquired a new position in Denison Mines in the 4th quarter valued at approximately $1,371,000. National Bank of Canada FI raised its holdings in Denison Mines by 89.1% in the 3rd quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company's stock valued at $1,708,000 after acquiring an additional 440,921 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Denison Mines by 92.6% in the 4th quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company's stock valued at $356,000 after acquiring an additional 94,419 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors.

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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.