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.
This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/nexgen-energy-ltd-nxe-trading-down-3/1654502.html
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Zolmax and is owned by of Zolmax. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://zolmax.com/investing/nexgen-energy-ltd-nxe-trading-down-3/1654502.html.
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.
Receive News & Ratings for Nexgen Energy Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexgen Energy Ltd and related companies with MarketBeat.com's FREE daily email newsletter.