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

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of some unusual options trading activity on Friday. Investors bought 29,967 call options on the company. This is an increase of approximately 82% compared to the average daily volume of 16,473 call options.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Denison Mine

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Denison Mine in the 3rd quarter worth $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Denison Mine in the 3rd quarter valued at about $28,000. SG Americas Securities LLC purchased a new position in Denison Mine during the fourth quarter valued at $27,000. Aire Advisors LLC purchased a new stake in shares of Denison Mine in the third quarter worth about $28,000. Finally, Jones Financial Companies Lllp increased its position in shares of Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,563 shares in the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mine Stock Performance

Shares of DNN stock opened at $3.69 on Friday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -24.60 and a beta of 1.25. The company has a 50-day simple moving average of $2.77 and a 200 day simple moving average of $2.54. Denison Mine has a 52 week low of $1.08 and a 52 week high of $3.80. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97.

Denison Mine Company Profile

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.