NexGen Energy (NYSE:NXE) Shares Down 4.9%

NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s share price was down 4.9% on Monday . The stock traded as low as $7.99 and last traded at $8.02. Approximately 1,600,641 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 6,495,682 shares. The stock had previously closed at $8.43.

Wall Street Analyst Weigh In

Separately, Scotiabank started coverage on shares of NexGen Energy in a research report on Monday, April 1st. They issued a "sector outperform" rating for the company.

NexGen Energy Trading Down 5.3 %

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 $4.30 billion, a price-to-earnings ratio of 397.20 and a beta of 1.90. The company has a 50-day moving average price of $7.61 and a 200 day moving average price of $6.83.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). As a group, research analysts anticipate that NexGen Energy Ltd. will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of NexGen Energy during the 3rd quarter valued at $28,000. Canada Pension Plan Investment Board acquired a new stake in NexGen Energy during the first quarter valued at $35,000. Canton Hathaway LLC purchased a new position in NexGen Energy in the third quarter valued at about $44,000. Advisor Group Holdings Inc. grew its stake in NexGen Energy by 56.3% in 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 in the last quarter. Finally, PenderFund Capital Management Ltd. acquired a new position in NexGen Energy in the 1st quarter worth about $59,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

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.