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

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading on Friday. Stock investors purchased 20,784 call options on the stock. This represents an increase of approximately 162% compared to the average daily volume of 7,925 call options.

Institutional Investors Weigh In On NexGen Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new position in shares of NexGen Energy during the 3rd quarter worth approximately $6,585,000. CIBC Asset Management Inc lifted its position in NexGen Energy by 13.4% during the third quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock worth $6,043,000 after acquiring an additional 109,754 shares during the last quarter. Rye Brook Capital LLC boosted its holdings in shares of NexGen Energy by 18.7% during the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after acquiring an additional 109,500 shares during the period. Millennium Management LLC grew its position in shares of NexGen Energy by 109.6% in the second quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after purchasing an additional 858,471 shares during the last quarter. Finally, Mountaineer Partners Management LLC lifted its holdings in NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Performance

NXE traded down $0.08 during mid-day trading on Friday, reaching $6.84. The stock had a trading volume of 2,199,193 shares, compared to its average volume of 7,182,976. The stock has a market capitalization of $3.87 billion, a P/E ratio of 45.60 and a beta of 1.96. NexGen Energy has a 52 week low of $4.95 and a 52 week high of $8.96. The firm’s fifty day simple moving average is $7.57 and its two-hundred day simple moving average is $6.89.

NexGen Energy (NYSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the prior year, the company earned ($0.04) EPS. As a group, analysts expect that NexGen Energy will post -0.05 EPS for the current fiscal year.

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.