Investors Purchase Large Volume of NexGen Energy Put Options (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) saw unusually large options trading activity on Thursday. Traders bought 45,314 put options on the stock. This is an increase of approximately 327% compared to the average volume of 10,617 put options.

NexGen Energy Stock Down 5.2 %

NXE traded down $0.31 on Friday, reaching $5.59. 10,103,393 shares of the company traded hands, compared to its average volume of 8,459,722. The company has a market cap of $3.18 billion, a P/E ratio of 37.24 and a beta of 1.94. The firm has a fifty day simple moving average of $6.73 and a two-hundred day simple moving average of $6.86. NexGen Energy has a one year low of $4.95 and a one year high of $8.96.

Institutional Trading of NexGen Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in NexGen Energy by 284.6% during the 4th 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 purchased a new position in shares of NexGen Energy during the fourth quarter valued at $51,000. Mariner LLC bought a new stake in shares of NexGen Energy in the fourth quarter valued at about $68,000. Larson Financial Group LLC lifted 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 worth $69,000 after acquiring an additional 5,827 shares during the period. Finally, Silver Lake Advisory LLC bought a new position in NexGen Energy during the 4th quarter worth about $73,000. Institutional investors 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.