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

NexGen Energy Ltd. (NYSE:NXEGet Free Report) was the recipient of some unusual options trading on Friday. Stock investors acquired 32,818 put options on the company. This represents an increase of approximately 301% compared to the typical daily volume of 8,177 put options.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on NXE

NexGen Energy Stock Performance

NYSE:NXE opened at $7.20 on Friday. NexGen Energy has a twelve month low of $3.61 and a twelve month high of $8.88. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 360.18 and a beta of 1.90. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $7.85 and its 200 day simple moving average is $7.21.

NexGen Energy (NYSE:NXEGet Free Report) last issued its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). As a group, equities research analysts expect that NexGen Energy will post -0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NexGen Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of NexGen Energy by 5,020.5% in the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock worth $126,047,000 after acquiring an additional 15,905,444 shares in the last quarter. FMR LLC boosted its stake in shares of NexGen Energy by 99,379.5% during the 3rd 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. L1 Capital Pty Ltd grew its position in shares of NexGen Energy by 31.3% during the third quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock worth $130,246,000 after buying an additional 5,195,210 shares in the last quarter. MMCAP International Inc. SPC grew its position in shares of NexGen Energy by 1,627.2% during the first quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company’s stock worth $27,697,000 after buying an additional 3,358,278 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in NexGen Energy by 7.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock valued at $179,307,000 after acquiring an additional 1,744,062 shares in the last quarter. Hedge funds and other 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 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.

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