NexGen Energy (NYSE:NXE) Trading Up 10.3% – Here’s What Happened

NexGen Energy Ltd. (NYSE:NXE) shares shot up 10.3% on Thursday . The stock traded as high as $7.32 and last traded at $7.28. 1,755,950 shares changed hands during trading, a decline of 70% from the average session volume of 5,850,524 shares. The stock had previously closed at $6.60.

NexGen Energy Price Performance

The firm has a market cap of $4.21 billion, a PE ratio of 49.60 and a beta of 1.91. The business has a 50-day moving average price of $7.60 and a two-hundred day moving average price of $6.89.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period last year, the firm earned ($0.04) EPS. Equities analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in shares of NexGen Energy in the second quarter worth approximately $33,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of NexGen Energy during the 3rd quarter valued at $76,000. SevenBridge Financial Group LLC acquired a new stake in shares of NexGen Energy during the 3rd quarter worth $87,000. New Harbor Financial Group LLC raised its position in shares of NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after buying an additional 2,500 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in NexGen Energy in the third quarter valued at $98,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Company Profile

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.