Investors Purchase High Volume of NexGen Energy Call Options (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) saw some unusual options trading on Thursday. Stock traders purchased 16,684 call options on the stock. This is an increase of approximately 65% compared to the typical volume of 10,121 call options.

NexGen Energy Price Performance

NYSE NXE traded up $0.13 during trading hours on Thursday, reaching $6.85. The company’s stock had a trading volume of 8,901,625 shares, compared to its average volume of 8,669,156. The firm has a fifty day simple moving average of $7.39 and a 200-day simple moving average of $6.87. NexGen Energy has a 52 week low of $4.95 and a 52 week high of $8.96. The stock has a market cap of $3.90 billion, a P/E ratio of 45.57 and a beta of 1.96.

NexGen Energy (NYSE:NXE) last released its quarterly 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 previous year, the company earned ($0.04) EPS. On average, research analysts expect that NexGen Energy will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On NexGen Energy

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares during the period. New Harbor Financial Group LLC raised its holdings in NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares during the last quarter. Investment Management Corp of Ontario lifted its position in shares of NexGen Energy by 14.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock worth $164,000 after purchasing an additional 3,200 shares during the period. Toronto Dominion Bank boosted its stake in shares of NexGen Energy by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock valued at $153,000 after purchasing an additional 4,338 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 5,827 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

About NexGen Energy

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.