MMCAP International Inc. SPC Decreases Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

MMCAP International Inc. SPC decreased its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 17.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,523,786 shares of the basic materials company’s stock after selling 3,665,775 shares during the period. Denison Mines makes up about 4.9% of MMCAP International Inc. SPC’s portfolio, making the stock its 5th biggest position. MMCAP International Inc. SPC owned about 1.96% of Denison Mines worth $31,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC acquired a new position in Denison Mines during the 3rd quarter worth about $27,000. Vantage Point Financial LLC acquired a new position in Denison Mines during the 4th quarter worth about $34,000. Fiduciary Family Office LLC acquired a new position in Denison Mines during the 4th quarter worth about $50,000. Continuum Advisory LLC lifted its holdings in Denison Mines by 78.5% during the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after buying an additional 14,688 shares during the period. Finally, SevenBridge Financial Group LLC lifted 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 buying an additional 13,000 shares during the period. Institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

Shares of DNN opened at $1.48 on Wednesday. The firm has a market cap of $1.33 billion, a P/E ratio of -148.00 and a beta of 1.75. Denison Mines Corp. has a 12 month low of $1.40 and a 12 month high of $2.47. The stock’s 50-day moving average is $1.90.

Denison Mines 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.