MMCAP International Inc. SPC Sells 3,665,775 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

MMCAP International Inc. SPC trimmed its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,523,786 shares of the basic materials company’s stock after selling 3,665,775 shares during the quarter. Denison Mines comprises about 4.9% of MMCAP International Inc. SPC’s portfolio, making the stock its 5th biggest position. MMCAP International Inc. SPC’s holdings in Denison Mines were worth $31,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new position in shares of Denison Mines in the 3rd quarter valued at about $27,000. Vantage Point Financial LLC acquired a new position in shares of Denison Mines in the 4th quarter valued at about $34,000. Fiduciary Family Office LLC bought a new stake in Denison Mines in the 4th quarter valued at about $50,000. Continuum Advisory LLC increased its position in Denison Mines by 78.5% in the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after buying an additional 14,688 shares in the last quarter. Finally, SevenBridge Financial Group LLC increased its position in Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock valued at $68,000 after buying an additional 13,000 shares in the last quarter. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Price Performance

Shares of Denison Mines stock opened at $1.48 on Wednesday. Denison Mines Corp. has a one year low of $1.40 and a one year high of $2.47. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -148.00 and a beta of 1.75. The company has a 50-day moving average price of $1.90.

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.