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

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading on Monday. Stock investors purchased 40,170 put options on the company. This is an increase of 256% compared to the typical volume of 11,273 put options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NXE. PNC Financial Services Group Inc. raised its stake in NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd acquired a new position in NexGen Energy during the fourth quarter valued at $51,000. Mariner LLC purchased a new stake in NexGen Energy in the 4th quarter worth about $68,000. Silver Lake Advisory LLC acquired a new stake in NexGen Energy during the 4th quarter worth about $73,000. Finally, Aptus Capital Advisors LLC purchased a new position in NexGen Energy during the 4th quarter valued at about $79,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on NXE shares. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

NexGen Energy Stock Down 1.4 %

Shares of NexGen Energy stock opened at $4.49 on Tuesday. NexGen Energy has a 12-month low of $4.30 and a 12-month high of $8.96. The firm has a market capitalization of $2.55 billion, a PE ratio of 29.90 and a beta of 1.97. The stock’s fifty day moving average is $5.68 and its 200-day moving average is $6.72.

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.