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

NexGen Energy Ltd. (NYSE:NXE) was the target of unusually large options trading on Tuesday. Stock traders acquired 16,620 call options on the stock. This is an increase of 72% compared to the typical volume of 9,659 call options.

Institutional Trading of NexGen Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NexGen Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company’s stock valued at $230,828,000 after purchasing an additional 501,952 shares during the last quarter. Vanguard Group Inc. boosted its position in NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock valued at $134,779,000 after purchasing an additional 298,106 shares during the last quarter. Segra Capital Management LLC boosted its position 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. Nuveen Asset Management LLC boosted its position in NexGen Energy by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company’s stock valued at $57,659,000 after purchasing an additional 82,413 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Up 1.4 %

NXE opened at $6.16 on Wednesday. The firm has a market cap of $3.50 billion, a PE ratio of 41.04 and a beta of 1.94. The business has a fifty day simple moving average of $6.88 and a 200-day simple moving average of $6.87. NexGen Energy has a fifty-two week low of $4.95 and a fifty-two week high of $8.96.

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.