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

NexGen Energy (NYSE:NXE) was the recipient of some unusual options trading on Monday. Traders bought 30,019 call options on the company. This represents an increase of 305% compared to the average daily volume of 7,415 call options.

Wall Street Analyst Weigh In

NXE has been the topic of several research reports. Wall Street Zen upgraded shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Finally, Scotiabank restated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Leonteq Securities AG increased its stake in NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares during the period. Trifecta Capital Advisors LLC bought a new position in shares of NexGen Energy in the second quarter worth about $46,000. SBI Securities Co. Ltd. grew its holdings in shares of NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after purchasing an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in NexGen Energy in the 2nd quarter worth about $76,000. Finally, Jump Financial LLC purchased a new position in NexGen Energy in the 4th quarter worth about $93,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NexGen Energy stock traded up $0.37 on Monday, reaching $10.76. The company had a trading volume of 12,038,177 shares, compared to its average volume of 7,025,167. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of -26.90 and a beta of 1.40. The firm’s 50-day moving average price is $9.73 and its two-hundred day moving average price is $11.15. NexGen Energy has a 1 year low of $6.26 and a 1 year high of $13.96.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.