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

NexGen Energy Ltd. (NYSE:NXE) was the target of unusually large options trading on Friday. Stock traders bought 20,784 call options on the stock. This represents an increase of 162% compared to the average daily volume of 7,925 call options.

NexGen Energy Stock Down 1.9 %

NexGen Energy stock opened at $6.79 on Friday. The company’s 50 day moving average is $7.56 and its two-hundred day moving average is $6.89. The firm has a market cap of $3.84 billion, a PE ratio of 45.27 and a beta of 1.96. NexGen Energy has a 52-week low of $4.95 and a 52-week high of $8.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period last year, the firm earned ($0.04) EPS. On average, equities research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NexGen Energy

Several large investors have recently bought and sold shares of NXE. Larson Financial Group LLC increased its holdings in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in NexGen Energy during the 3rd quarter worth $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy in the third quarter valued at $87,000. New Harbor Financial Group LLC raised its holdings 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 buying an additional 2,500 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of NexGen Energy during the third quarter worth about $98,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

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. 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.