Denison Mines Sees Unusually High Options Volume (NYSEAMERICAN:DNN)

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

Denison Mines Trading Up 0.7 %

Shares of NYSEAMERICAN:DNN opened at $1.46 on Wednesday. Denison Mines has a 1 year low of $1.27 and a 1 year high of $2.47. The firm has a fifty day moving average price of $1.74 and a 200 day moving average price of $1.94. The stock has a market capitalization of $1.31 billion, a PE ratio of -146.00 and a beta of 1.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Denison Mines by 41.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company’s stock worth $5,989,000 after purchasing an additional 963,100 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in Denison Mines in the third quarter worth $27,000. SevenBridge Financial Group LLC increased its holdings in Denison Mines by 54.2% during the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 13,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Denison Mines by 499.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock worth $7,514,000 after acquiring an additional 3,438,790 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Denison Mines during the 3rd quarter worth approximately $505,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.