NexGen Energy Target of Unusually High Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading activity on Thursday. Investors acquired 45,314 put options on the stock. This represents an increase of approximately 327% compared to the average volume of 10,617 put options.

NexGen Energy Price Performance

Shares of NXE traded up $0.02 during trading hours on Thursday, hitting $5.94. The stock had a trading volume of 3,485,728 shares, compared to its average volume of 8,216,337. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96. The firm has a market capitalization of $3.38 billion, a P/E ratio of 39.56 and a beta of 1.94. The firm has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $6.87.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after purchasing an additional 6,317,538 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of NexGen Energy by 222.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock valued at $41,882,000 after buying an additional 4,378,933 shares during the last quarter. Van ECK Associates Corp increased its holdings in NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the last quarter. Mountaineer Partners Management LLC raised its stake in 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 period. Finally, Segra Capital Management LLC lifted its holdings in NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after purchasing an additional 1,931,200 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.