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

NexGen Energy Ltd. (NYSE:NXE) saw some unusual options trading on Thursday. Investors purchased 18,258 call options on the company. This is an increase of 173% compared to the typical daily volume of 6,688 call options.

NexGen Energy Stock Up 1.5 %

Shares of NYSE NXE opened at $8.29 on Friday. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4.47 billion, a PE ratio of 414.71 and a beta of 1.90. The company’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $7.12. NexGen Energy has a 12-month low of $3.61 and a 12-month high of $8.88.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). As a group, sell-side analysts forecast that NexGen Energy will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Scotiabank began coverage on NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NexGen Energy by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock worth $179,307,000 after purchasing an additional 1,744,062 shares during the period. Alps Advisors Inc. lifted its stake in shares of NexGen Energy by 10.5% in the third quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock valued at $73,549,000 after buying an additional 1,168,795 shares in the last quarter. Invesco Ltd. lifted its stake in shares of NexGen Energy by 11.4% in the third quarter. Invesco Ltd. now owns 3,374,628 shares of the company’s stock valued at $20,147,000 after buying an additional 344,242 shares in the last quarter. FMR LLC grew its holdings in shares of NexGen Energy by 99,379.5% during the third quarter. FMR LLC now owns 11,674,918 shares of the company’s stock valued at $69,882,000 after buying an additional 11,663,182 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of NexGen Energy by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,210,228 shares of the company’s stock worth $7,229,000 after acquiring an additional 327,166 shares in the last quarter. Institutional investors 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.