Stock Traders Buy High Volume of NexGen Energy Put Options (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the target of unusually large options trading on Monday. Investors purchased 46,728 put options on the stock. This represents an increase of approximately 405% compared to the typical daily volume of 9,254 put options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth approximately $2,487,000. Caprock Group LLC bought a new stake in shares of NexGen Energy in the fourth quarter valued at $462,000. Silver Lake Advisory LLC purchased a new position in shares of NexGen Energy during the 4th quarter valued at $73,000. Janney Montgomery Scott LLC grew its stake in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in NexGen Energy in the 4th quarter worth about $413,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

NXE opened at $6.32 on Wednesday. NexGen Energy has a fifty-two week low of $4.95 and a fifty-two week high of $8.96. The firm has a market capitalization of $3.59 billion, a PE ratio of 42.10 and a beta of 1.96. The company’s 50-day moving average is $7.46 and its 200 day moving average is $6.88.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results 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 last year, the firm earned ($0.04) earnings per share. As a group, analysts expect that NexGen Energy will post -0.05 EPS for the current year.

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.