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

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Traders purchased 12,426 call options on the stock. This represents an increase of approximately 191% compared to the typical volume of 4,272 call options.

Hedge Funds Weigh In On NexGen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of NexGen Energy in the 3rd quarter worth about $28,000. Canada Pension Plan Investment Board purchased a new stake in NexGen Energy during the first quarter valued at about $35,000. Advisor Group Holdings Inc. lifted its holdings in NexGen Energy by 56.3% during the first quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company's stock valued at $42,000 after purchasing an additional 2,700 shares during the last quarter. Canton Hathaway LLC purchased a new stake in NexGen Energy during the third quarter valued at about $44,000. Finally, Toroso Investments LLC purchased a new stake in NexGen Energy during the fourth quarter valued at about $48,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

Shares of NYSE:NXE traded up $0.08 during midday trading on Thursday, reaching $7.77. The company had a trading volume of 6,493,973 shares, compared to its average volume of 6,534,961. The company's 50 day moving average price is $7.49 and its 200 day moving average price is $6.60. 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 stock has a market cap of $4.19 billion, a P/E ratio of 388.69 and a beta of 1.89. NexGen Energy has a 52-week low of $3.49 and a 52-week high of $8.31.

NexGen Energy Company Profile

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.