NexGen Energy Sees Unusually Large Options Volume (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the recipient of unusually large options trading activity on Thursday. Investors purchased 16,684 call options on the company. This is an increase of 65% compared to the average volume of 10,121 call options.

Institutional Trading of NexGen Energy

A number of hedge funds have recently made changes to their positions in NXE. Larson Financial Group LLC increased its stake in NexGen Energy by 122.7% in the third 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 last quarter. Silver Lake Advisory LLC purchased a new position in shares of NexGen Energy in the 4th quarter worth about $73,000. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy during the 3rd quarter valued at about $76,000. SevenBridge Financial Group LLC purchased a new position in shares of NexGen Energy during the 3rd quarter valued at about $87,000. Finally, New Harbor Financial Group LLC lifted its position in 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 last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Up 1.9 %

Shares of NXE traded up $0.13 during mid-day trading on Thursday, reaching $6.85. 8,901,625 shares of the stock traded hands, compared to its average volume of 8,669,156. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 45.57 and a beta of 1.96. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.96. The firm has a fifty day moving average price of $7.39 and a 200 day moving average price of $6.87.

NexGen Energy (NYSE:NXE) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period last year, the firm posted ($0.04) earnings per share. On average, sell-side analysts anticipate that NexGen Energy will post -0.05 EPS for the current year.

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.