Stock Traders Purchase Large Volume of NexGen Energy Call Options (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) saw unusually large options trading activity on Thursday. Stock investors purchased 18,258 call options on the stock. This is an increase of approximately 173% compared to the average daily volume of 6,688 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Hartree Partners LP acquired a new position in shares of NexGen Energy during the 1st quarter worth about $583,000. Lodestone Wealth Management LLC bought a new stake in NexGen Energy during the first quarter worth about $91,000. Van ECK Associates Corp boosted its position in NexGen Energy by 23.3% during the first quarter. Van ECK Associates Corp now owns 1,852,355 shares of the company’s stock valued at $14,395,000 after purchasing an additional 350,017 shares during the last quarter. Violich Capital Management Inc. boosted its position in NexGen Energy by 1.3% during the first quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock valued at $850,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its stake in NexGen Energy by 182.9% in the first quarter. Triasima Portfolio Management inc. now owns 703,809 shares of the company’s stock valued at $5,471,000 after purchasing an additional 455,026 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank began coverage on NexGen Energy in a report on Monday, April 1st. They set a “sector outperform” rating for the company.

NexGen Energy Stock Up 1.5 %

Shares of NexGen Energy stock opened at $8.29 on Friday. The firm has a market cap of $4.47 billion, a PE ratio of 414.71 and a beta of 1.90. The business’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00. NexGen Energy has a 52-week low of $3.61 and a 52-week high of $8.88.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, analysts predict that NexGen Energy will post -0.1 earnings per share 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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.