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

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

NexGen Energy Price Performance

NexGen Energy stock opened at $6.79 on Friday. The stock has a market capitalization of $3.84 billion, a PE ratio of 45.27 and a beta of 1.96. The business has a 50 day simple moving average of $7.56 and a 200-day simple moving average of $6.89. NexGen Energy has a 12 month low of $4.95 and a 12 month high of $8.96.

NexGen Energy (NYSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the business posted ($0.04) EPS. On average, equities research analysts anticipate that NexGen Energy will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On NexGen Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda acquired a new stake in shares of NexGen Energy in the 3rd quarter worth $6,585,000. CIBC Asset Management Inc lifted its stake in shares of 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 grew its holdings in shares of NexGen Energy by 18.7% during the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after purchasing an additional 109,500 shares during the period. Millennium Management LLC increased its position in shares of NexGen Energy by 109.6% during the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after purchasing an additional 858,471 shares during the last quarter. Finally, Mountaineer Partners Management LLC raised its holdings 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 buying an additional 3,107,214 shares during the period. 42.43% of the stock is currently owned by institutional investors and hedge funds.

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.