Denison Mines (NYSEAMERICAN:DNN) Sets New 1-Year Low – Here’s Why

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.40 and last traded at $1.41, with a volume of 53337599 shares traded. The stock had previously closed at $1.49.

Denison Mines Price Performance

The stock has a 50 day simple moving average of $1.88. The stock has a market capitalization of $1.23 billion, a P/E ratio of -137.00 and a beta of 1.75.

Institutional Investors Weigh In On Denison Mines

Several hedge funds and other institutional investors have recently modified their holdings of the business. Oxford Asset Management LLP purchased a new position in Denison Mines during the 4th quarter worth $26,000. Integrated Investment Consultants LLC acquired a new position in Denison Mines during the 3rd quarter valued at about $27,000. Vantage Point Financial LLC purchased a new position in shares of Denison Mines in the 4th quarter valued at approximately $34,000. Commonwealth Equity Services LLC raised its holdings in shares of Denison Mines by 74.1% in 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 last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Denison Mines in the fourth quarter valued at about $38,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

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.