NexGen Energy Sees Unusually High Options Volume (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXEGet Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 46,728 put options on the company. This is an increase of approximately 405% compared to the typical daily volume of 9,254 put options.

Hedge Funds Weigh In On NexGen Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC purchased a new stake in shares of NexGen Energy in the 4th quarter valued at about $2,487,000. Caprock Group LLC bought a new position in shares of NexGen Energy in the fourth quarter worth approximately $462,000. Silver Lake Advisory LLC purchased a new stake in NexGen Energy in the fourth quarter valued at approximately $73,000. Janney Montgomery Scott LLC lifted its position in NexGen Energy by 10.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock valued at $101,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in NexGen Energy in the 4th quarter worth approximately $413,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 3.7 %

NXE stock opened at $6.32 on Wednesday. The firm has a 50 day moving average of $7.46 and a 200-day moving average of $6.88. The firm has a market capitalization of $3.59 billion, a P/E ratio of 42.10 and a beta of 1.96. NexGen Energy has a 12 month low of $4.95 and a 12 month high of $8.96.

NexGen Energy (NYSE:NXEGet Free Report) last announced its quarterly earnings results 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 quarter in the previous year, the company earned ($0.04) EPS. Sell-side analysts predict that NexGen Energy will post -0.05 EPS for the current year.

NexGen Energy Company Profile

(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.

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