Nexgen Energy Ltd (NXE) Trading Down 3%

Nexgen Energy Ltd (CVE:NXE)’s share price dropped 3% during mid-day trading on Tuesday . The company traded as low as C$2.90 and last traded at C$2.91. Approximately 183,091 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 645,156 shares. The stock had previously closed at C$3.00.

NXE has been the subject of a number of recent analyst reports. Eight Capital set a C$6.10 price objective on Nexgen Energy in a report on Tuesday, August 1st. Paradigm Capital increased their price objective on Nexgen Energy from C$3.60 to C$5.00 in a report on Tuesday, August 1st. Finally, TD Securities increased their price objective on Nexgen Energy from C$4.50 to C$4.75 and gave the stock a “speculative buy” rating in a report on Tuesday, August 1st.

The stock’s market capitalization is $903.34 million. The stock’s 50-day moving average price is $2.90 and its 200 day moving average price is $3.04.

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About Nexgen Energy

NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.

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