Investors Buy Large Volume of Call Options on NexGen Energy (NYSE:NXE)

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

NexGen Energy Stock Performance

Shares of NXE opened at $6.56 on Friday. The firm’s 50 day moving average price is $7.35 and its two-hundred day moving average price is $6.87. NexGen Energy has a twelve month low of $4.95 and a twelve month high of $8.96. The firm has a market cap of $3.74 billion, a P/E ratio of 43.76 and a beta of 1.96.

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

Hedge Funds Weigh In On NexGen Energy

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of NexGen Energy by 122.7% in the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after purchasing an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in NexGen Energy during the 4th quarter worth about $73,000. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy in the 3rd quarter valued at about $76,000. SevenBridge Financial Group LLC acquired a new stake in shares of NexGen Energy in the third quarter valued at about $87,000. Finally, New Harbor Financial Group LLC raised its holdings in NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds 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.