Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) was the target of unusually large options trading on Wednesday. Stock investors acquired 36,029 call options on the stock. This is an increase of 489% compared to the typical daily volume of 6,122 call options.
Institutional Investors Weigh In On Denison Mines
Several institutional investors have recently bought and sold shares of DNN. Oxford Asset Management LLP acquired a new stake in shares of Denison Mines during the fourth quarter valued at about $26,000. Integrated Investment Consultants LLC acquired a new stake in Denison Mines in the third quarter worth $27,000. Vantage Point Financial LLC bought a new stake in Denison Mines in the 4th quarter valued at about $34,000. Commonwealth Equity Services LLC boosted 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 worth $36,000 after buying an additional 8,500 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Denison Mines during the 4th quarter worth $38,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.
Denison Mines Price Performance
Denison Mines stock opened at $1.53 on Friday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -153.00 and a beta of 1.75. Denison Mines has a 12 month low of $1.27 and a 12 month high of $2.47. The stock’s 50-day moving average is $1.73 and its 200-day moving average is $1.93.
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.
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