Denison Mines Insider Lowered Holding By 26% During Last Year

Viewing insider transactions for Denison Mines Corp.'s (TSE:DML ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Denison Mines

Denison Mines Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the President, David Cates, for CA$1.8m worth of shares, at about CA$2.62 per share. So what is clear is that an insider saw fit to sell at around the current price of CA$2.58. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. David Cates was the only individual insider to sell shares in the last twelve months. Notably David Cates was also the biggest buyer, having purchased CA$40k worth of shares.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Denison Mines

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Denison Mines insiders own 0.3% of the company, worth about CA$7.7m. We do generally prefer see higher levels of insider ownership.

So What Do The Denison Mines Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. We don't take much encouragement from the transactions by Denison Mines insiders. And usually insiders own more stock in the company, according to our data. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Denison Mines. Every company has risks, and we've spotted 2 warning signs for Denison Mines you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.