The Globe and Mail

Other insiders at uranium miner have been selling, though amounts are small

There was a broad pickup of insider buying in uranium stocks earlier this summer. Heading into fall, we are seeing follow through. This week, Denison Mines DML-TSX board chair Lukas Lundin bought 100,000 shares in the public market at $1.61. He now holds one million Denison shares, according to SEDI filings.

A quick look at the chart above shows that over the last 90 days, there has been some insider selling at Denison. However, the amounts are small. The graph also shows that Denison stock has rallied recently. Encouraging drill results from Denison’s Wheeler River project in the Athabasca basin have likely helped to energize its stock price. Generally speaking, it is encouraging to see insider buying in a stock that is rallying as it could indicate that the company remains undervalued.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.