NexGen Energy (TSE:NXE) Stock Price Down 1.9%

NexGen Energy Ltd. (TSE:NXEGet 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.

NexGen Energy (TSE:NXEGet Rating) last posted its quarterly earnings results on Friday, February 24th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.04). As a group, analysts anticipate that NexGen Energy Ltd. will post -0.07 earnings per share for the current year.

About NexGen Energy

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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.

Further Reading

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