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

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading on Friday. Stock traders acquired 20,784 call options on the company. This represents an increase of 162% compared to the average daily volume of 7,925 call options.

NexGen Energy Trading Down 1.2 %

NXE stock traded down $0.08 during mid-day trading on Friday, hitting $6.84. The stock had a trading volume of 2,199,193 shares, compared to its average volume of 7,182,976. The firm has a fifty day simple moving average of $7.57 and a 200 day simple moving average of $6.89. The firm has a market capitalization of $3.87 billion, a P/E ratio of 45.60 and a beta of 1.96. NexGen Energy has a 52 week low of $4.95 and a 52 week high of $8.96.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter last year, the company earned ($0.04) EPS. As a group, equities analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Kapitalo Investimentos Ltda bought a new position in shares of NexGen Energy in the third quarter worth about $6,585,000. CIBC Asset Management Inc lifted its stake in NexGen Energy by 13.4% in the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock valued at $6,043,000 after purchasing an additional 109,754 shares during the last quarter. Rye Brook Capital LLC boosted its position in NexGen Energy by 18.7% in the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock valued at $4,538,000 after buying an additional 109,500 shares in the last quarter. Millennium Management LLC grew its stake in shares of NexGen Energy by 109.6% during the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $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 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after acquiring an additional 3,107,214 shares during the last quarter. 42.43% of the stock is currently owned by 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 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.