Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 119.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 578,113 shares of the basic materials company’s stock after purchasing an additional 315,262 shares during the quarter. Quantbot Technologies LP’s holdings in Denison Mines were worth $1,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vantage Point Financial LLC acquired a new stake in Denison Mines during the 4th quarter worth about $34,000. Commonwealth Equity Services LLC increased its position in shares of 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 worth $36,000 after acquiring an additional 8,500 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Denison Mines during the fourth quarter valued at approximately $49,000. Fiduciary Family Office LLC purchased a new stake in shares of Denison Mines in the 4th quarter valued at approximately $50,000. Finally, Continuum Advisory LLC boosted its stake 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 worth $61,000 after purchasing an additional 14,688 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Stock Down 2.6 %

Shares of NYSEAMERICAN:DNN opened at $1.47 on Wednesday. The company’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.92. The company has a market cap of $1.32 billion, a P/E ratio of -147.00 and a beta of 1.75. Denison Mines Corp. has a 12-month low of $1.27 and a 12-month high of $2.47.

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.