Investors Purchase Large Volume of Call Options on NexGen Energy (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the recipient of unusually large options trading on Friday. Stock investors acquired 20,784 call options on the stock. This is an increase of 162% compared to the typical volume of 7,925 call options.

NexGen Energy Stock Performance

NXE stock opened at $6.79 on Friday. NexGen Energy has a one year low of $4.95 and a one year high of $8.96. The company has a fifty day moving average of $7.56 and a 200-day moving average of $6.89. The stock has a market capitalization of $3.84 billion, a PE ratio of 45.27 and a beta of 1.96.

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

Institutional Trading of NexGen Energy

A number of institutional investors have recently modified their holdings of the business. Kapitalo Investimentos Ltda acquired a new position in NexGen Energy during the third quarter worth about $6,585,000. CIBC Asset Management Inc boosted its stake in shares of 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 acquiring an additional 109,754 shares in the last quarter. Rye Brook Capital LLC grew its holdings in shares of NexGen Energy by 18.7% in the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after acquiring an additional 109,500 shares during the period. Millennium Management LLC increased its stake in NexGen Energy by 109.6% in the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after purchasing an additional 858,471 shares in the last quarter. Finally, Mountaineer Partners Management LLC raised its holdings in NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

About NexGen Energy

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.