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

NexGen Energy Ltd. (NYSE:NXE) was the recipient of unusually large options trading activity on Tuesday. Traders bought 16,620 call options on the company. This is an increase of approximately 72% compared to the typical volume of 9,659 call options.

Institutional Investors Weigh In On NexGen Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $33,000 after purchasing an additional 3,700 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in NexGen Energy during the 4th quarter worth approximately $51,000. Mariner LLC bought a new stake in NexGen Energy during the 4th quarter worth approximately $68,000. Larson Financial Group LLC increased its position in NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares during the period. Finally, Silver Lake Advisory LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at $73,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NXE traded up $0.09 during mid-day trading on Tuesday, reaching $6.16. The company had a trading volume of 6,683,115 shares, compared to its average volume of 8,272,990. The company’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $6.87. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 41.04 and a beta of 1.94. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96.

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.