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

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the recipient of unusually large options trading on Monday. Stock investors bought 40,170 put options on the stock. This is an increase of 256% compared to the typical volume of 11,273 put options.

NexGen Energy Stock Down 7.9 %

Shares of NYSE NXE traded down $0.36 during mid-day trading on Friday, reaching $4.14. 10,379,040 shares of the company were exchanged, compared to its average volume of 6,634,878. The stock has a market capitalization of $2.35 billion, a PE ratio of 27.59 and a beta of 2.02. NexGen Energy has a 52 week low of $4.05 and a 52 week high of $8.96. The company's 50 day moving average price is $5.51 and its 200 day moving average price is $6.68.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings 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 worth $33,000 after purchasing an additional 3,700 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of NexGen Energy in the 4th quarter worth approximately $51,000. Mariner LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $68,000. Silver Lake Advisory LLC purchased a new stake in NexGen Energy in the fourth quarter worth $73,000. Finally, Aptus Capital Advisors LLC bought a new stake in NexGen Energy in the fourth quarter valued at $79,000. 42.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NXE shares. Stifel Nicolaus initiated coverage on NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Strong Buy".

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.