Ninepoint Partners LP Takes Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Ninepoint Partners LP purchased a new stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 900,000 shares of the basic materials company's stock, valued at approximately $1,620,000. Ninepoint Partners LP owned approximately 0.10% of Denison Mines at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC bought a new stake in shares of Denison Mines during the third quarter valued at approximately $27,000. Vantage Point Financial LLC bought a new stake in shares of Denison Mines during the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC raised its position in shares of 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 valued at $36,000 after buying an additional 8,500 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Denison Mines during the fourth quarter valued at approximately $49,000. Finally, Fiduciary Family Office LLC bought a new position in Denison Mines during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mines Price Performance

Shares of DNN traded up $0.04 during midday trading on Thursday, hitting $1.53. The stock had a trading volume of 60,673,728 shares, compared to its average volume of 24,429,119. Denison Mines Corp. has a 1 year low of $1.27 and a 1 year high of $2.47. The firm has a market cap of $1.37 billion, a PE ratio of -153.00 and a beta of 1.75. The stock's 50 day moving average is $1.74 and its 200 day moving average is $1.94.

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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.