761,412 Shares in Denison Mines Corp. (NYSEAMERICAN:DNN) Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 761,412 shares of the basic materials company's stock, valued at approximately $1,371,000. Prescott Group Capital Management L.L.C. owned about 0.09% of Denison Mines as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Denison Mines during the 4th quarter worth about $102,000. Canton Hathaway LLC acquired a new stake in Denison Mines during the fourth quarter worth approximately $74,000. Legacy Capital Group California Inc. raised its holdings in Denison Mines by 26.2% in 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 acquiring an additional 9,002 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Denison Mines by 92.6% during the fourth quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company's stock worth $356,000 after purchasing an additional 94,419 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after purchasing an additional 6,305,332 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Denison Mines Stock Up 4.6 %

Shares of DNN stock traded up $0.06 on Tuesday, reaching $1.36. 91,964,005 shares of the stock were exchanged, compared to its average volume of 23,449,459. The stock has a market cap of $1.22 billion, a P/E ratio of -136.00 and a beta of 1.75. Denison Mines Corp. has a 1-year low of $1.27 and a 1-year high of $2.47. The firm has a 50 day moving average of $1.80 and a two-hundred day moving average of $1.97.

About Denison Mines

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.