MMCAP International Inc. SPC Sells 3,665,775 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

MMCAP International Inc. SPC trimmed its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,523,786 shares of the basic materials company's stock after selling 3,665,775 shares during the period. Denison Mines accounts for 4.9% of MMCAP International Inc. SPC's portfolio, making the stock its 5th biggest position. MMCAP International Inc. SPC owned approximately 1.96% of Denison Mines worth $31,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Integrated Investment Consultants LLC acquired a new stake in shares of Denison Mines during the third quarter worth $27,000. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines in the 4th quarter worth about $34,000. Fiduciary Family Office LLC acquired a new stake in shares of Denison Mines in the 4th quarter worth about $50,000. Continuum Advisory LLC increased its holdings in shares of Denison Mines by 78.5% in the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after acquiring an additional 14,688 shares during the period. Finally, SevenBridge Financial Group LLC increased its holdings in shares of Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company's stock worth $68,000 after acquiring an additional 13,000 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

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Denison Mines Stock Up 2.8 %

Shares of DNN stock traded up $0.04 during trading hours on Friday, reaching $1.49. The stock had a trading volume of 61,375,479 shares, compared to its average volume of 44,466,832. Denison Mines Corp. has a twelve month low of $1.40 and a twelve month high of $2.47. The company's 50-day simple moving average is $1.88. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -149.00 and a beta of 1.75.

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.