NexGen Energy Ltd. (TSE:NXE – Get Rating) was down 1.9% during mid-day trading on Wednesday . The stock traded as low as C$5.20 and last traded at C$5.29. Approximately 1,092,715 shares changed hands during trading, a decline of 6% from the average daily volume of 1,161,368 shares. The stock had previously closed at C$5.39.
Wall Street Analysts Forecast Growth
Separately, Haywood Securities increased their price target on shares of NexGen Energy from C$7.50 to C$11.00 in a research report on Thursday, February 9th.
NexGen Energy Price Performance
The business’s 50 day moving average is C$5.11 and its two-hundred day moving average is C$5.64. The firm has a market cap of C$2.58 billion, a P/E ratio of -66.13 and a beta of 1.77. The company has a quick ratio of 8.20, a current ratio of 8.70 and a debt-to-equity ratio of 18.11.
About NexGen Energy
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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