Stock Traders Buy High Volume of Call Options on Denison Mines (NYSEAMERICAN:DNN)

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 36,029 call options on the company. This represents an increase of approximately 489% compared to the average volume of 6,122 call options.

Institutional Trading of Denison Mines

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Denison Mines by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company’s stock valued at $114,120,000 after buying an additional 880,966 shares during the period. Van ECK Associates Corp lifted its position in Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Denison Mines during the 4th quarter worth approximately $35,837,000. Segra Capital Management LLC lifted its position in Denison Mines by 124.8% during the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after acquiring an additional 10,140,540 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in Denison Mines by 5.8% during the 4th quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company’s stock worth $18,298,000 after acquiring an additional 558,200 shares in the last quarter. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Stock Down 0.3 %

NYSEAMERICAN:DNN traded down $0.01 during mid-day trading on Thursday, reaching $1.49. 2,499,677 shares of the stock were exchanged, compared to its average volume of 24,205,414. Denison Mines has a 1 year low of $1.27 and a 1 year high of $2.47. The company has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $1.94. The stock has a market capitalization of $1.33 billion, a P/E ratio of -148.50 and a beta of 1.75.

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.