Denison Mines (NYSEAMERICAN:DNN) Stock Price Passes Above 50 Day Moving Average of $0.00

Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $0.54. Denison Mines shares last traded at $0.53, with a volume of 15,800 shares traded.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $2.99 million for the quarter, compared to the consensus estimate of $4.00 million.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RDA Financial Network acquired a new stake in shares of Denison Mines in the first quarter worth $39,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Denison Mines in the fourth quarter worth $37,000. Brown Advisory Inc. boosted its position in shares of Denison Mines by 42.5% in the fourth quarter. Brown Advisory Inc. now owns 97,054 shares of the basic materials company’s stock worth $45,000 after buying an additional 28,958 shares during the period. Heathbridge Capital Management Ltd. boosted its position in shares of Denison Mines by 16.0% in the first quarter. Heathbridge Capital Management Ltd. now owns 210,300 shares of the basic materials company’s stock worth $107,000 after buying an additional 29,000 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of Denison Mines by 270.3% in the first quarter. Cetera Advisors LLC now owns 1,015,821 shares of the basic materials company’s stock worth $523,000 after buying an additional 741,492 shares during the period.

About Denison Mines (NYSEAMERICAN:DNN)

Denison Mines Corp. operates as a uranium exploration and development company with focuses in the Athabasca Basin region of northern Saskatchewan, Canada. Its projects primarily includes the Wheeler River, the Waterbury, the Midwest, the McClean Lake and Mill, and the Hook-Carter that covers approximately 320,000 hectares in the Athabasca Basin region.

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