NexGen Energy Target of Unusually High Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXEGet Free Report) was the recipient of unusually large options trading on Thursday. Traders purchased 16,684 call options on the company. This represents an increase of 65% compared to the average volume of 10,121 call options.

NexGen Energy Trading Up 0.7 %

Shares of NYSE NXE opened at $6.77 on Friday. The firm’s 50-day moving average price is $7.39 and its 200-day moving average price is $6.87. The firm has a market capitalization of $3.85 billion, a P/E ratio of 45.10 and a beta of 1.96. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXEGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts forecast that NexGen Energy will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in NexGen Energy by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock valued at $153,000 after buying an additional 4,338 shares in the last quarter. Millennium Management LLC grew its holdings in NexGen Energy by 109.6% during the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after buying an additional 858,471 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of NexGen Energy during the third quarter valued at about $6,585,000. New Harbor Financial Group LLC boosted its position in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after acquiring an additional 2,500 shares during the period. Finally, Stanley Laman Group Ltd. grew its stake in NexGen Energy by 2.1% during the third quarter. Stanley Laman Group Ltd. now owns 490,040 shares of the company’s stock valued at $3,200,000 after acquiring an additional 9,991 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

About NexGen Energy

(Get Free Report)

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 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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