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

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) was the target of unusually large options trading on Friday. Stock investors acquired 29,967 call options on the company. This represents an increase of approximately 82% compared to the typical daily volume of 16,473 call options.

Analyst Ratings Changes

Separately, Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Denison Mine presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Denison Mine

A number of hedge funds have recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in Denison Mine by 26.1% in the 4th quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 3,533 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Denison Mine by 65.6% in the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,563 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Denison Mine by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 954,140 shares of the basic materials company’s stock valued at $1,737,000 after purchasing an additional 5,452 shares in the last quarter. Scotia Capital Inc. boosted its position in Denison Mine by 2.5% during the second quarter. Scotia Capital Inc. now owns 240,107 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 5,818 shares during the last quarter. Finally, WealthShield Partners LLC grew its stake in Denison Mine by 50.0% in the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Price Performance

NYSEAMERICAN DNN traded up $0.12 during mid-day trading on Friday, hitting $3.67. The stock had a trading volume of 14,783,218 shares, compared to its average volume of 48,125,426. Denison Mine has a twelve month low of $1.08 and a twelve month high of $3.80. The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78. The firm’s 50 day moving average is $2.74 and its 200 day moving average is $2.52. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -24.30 and a beta of 1.25.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.