Denison Mines (NYSEAMERICAN:DNN) Reaches New 1-Year Low – Time to Sell?

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) reached a new 52-week low during trading on Monday . The company traded as low as $1.32 and last traded at $1.32, with a volume of 6431950 shares traded. The stock had previously closed at $1.39.

Denison Mines Stock Up 4.6 %

The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -136.00 and a beta of 1.75. The company’s fifty day simple moving average is $1.80 and its 200 day simple moving average is $1.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DNN. Oxford Asset Management LLP bought a new stake in Denison Mines during the fourth quarter worth about $26,000. Integrated Investment Consultants LLC bought a new stake in shares of Denison Mines during the 3rd quarter worth approximately $27,000. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines during the 4th quarter worth approximately $34,000. Commonwealth Equity Services LLC increased its stake in 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 valued at $36,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Denison Mines during the fourth quarter worth $38,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.