Stock Traders Buy High Volume of NexGen Energy Call Options (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors bought 16,684 call options on the company. This is an increase of approximately 65% compared to the typical daily volume of 10,121 call options.

NexGen Energy Stock Down 3.4 %

Shares of NYSE NXE traded down $0.23 during midday trading on Monday, reaching $6.34. 9,217,796 shares of the stock were exchanged, compared to its average volume of 8,814,947. The firm has a 50-day simple moving average of $7.30 and a two-hundred day simple moving average of $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 $3.61 billion, a price-to-earnings ratio of 42.24 and a beta of 1.94.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly 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 quarter in the previous year, the business earned ($0.04) EPS. Research analysts expect that NexGen Energy will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On NexGen Energy

A number of institutional investors have recently added to or reduced their stakes in NXE. Toronto Dominion Bank grew its stake in 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 acquiring an additional 4,338 shares during the period. Millennium Management LLC grew its stake in NexGen Energy by 109.6% in the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company's stock valued at $11,441,000 after acquiring an additional 858,471 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in NexGen Energy during the 3rd quarter worth $6,585,000. New Harbor Financial Group LLC boosted its stake 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. Finally, Stanley Laman Group Ltd. boosted its stake in NexGen Energy by 2.1% during the 3rd quarter. Stanley Laman Group Ltd. now owns 490,040 shares of the company's stock worth $3,200,000 after purchasing an additional 9,991 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

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.