NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the target of unusually large options trading on Monday. Investors acquired 46,728 put options on the stock. This is an increase of 405% compared to the typical volume of 9,254 put options.
NexGen Energy Stock Performance
NexGen Energy stock traded down $1.16 during trading on Monday, reaching $6.09. The company had a trading volume of 16,135,744 shares, compared to its average volume of 8,394,332. The firm has a market capitalization of $3.46 billion, a PE ratio of 40.57 and a beta of 1.96. The firm's 50-day simple moving average is $7.50 and its 200 day simple moving average is $6.89. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96.
NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the business posted ($0.04) EPS. Analysts anticipate that NexGen Energy will post -0.05 EPS for the current year.
Institutional Investors Weigh In On NexGen Energy
Institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in shares of NexGen Energy in the third quarter worth approximately $6,585,000. CIBC Asset Management Inc boosted its stake in NexGen Energy by 13.4% during the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company's stock worth $6,043,000 after purchasing an additional 109,754 shares during the last quarter. Rye Brook Capital LLC grew its holdings in shares of NexGen Energy by 18.7% during the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company's stock worth $4,538,000 after buying an additional 109,500 shares in the last quarter. Millennium Management LLC raised its position in shares of NexGen Energy by 109.6% in the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company's stock valued at $11,441,000 after buying an additional 858,471 shares during the last quarter. Finally, Mountaineer Partners Management LLC lifted its stake in shares of NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after buying an additional 3,107,214 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider NexGen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexGen Energy wasn't on the list.
While NexGen Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
