NexGen Energy Target of Unusually High Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 46,728 put options on the company. This represents an increase of approximately 405% compared to the typical daily volume of 9,254 put options.

NexGen Energy Price Performance

Shares of NexGen Energy stock traded up $0.23 on Tuesday, hitting $6.32. 9,755,118 shares of the company's stock traded hands, compared to its average volume of 8,475,271. The company has a fifty day moving average of $7.46 and a two-hundred day moving average of $6.88. NexGen Energy has a one year low of $4.95 and a one year high of $8.96. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 42.10 and a beta of 1.96.

NexGen Energy (NYSE:NXE - Get Free Report) 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 quarter in the prior year, the business posted ($0.04) EPS. Equities research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of NexGen Energy by 20.8% during the second quarter. Bank of Montreal Can now owns 1,807,849 shares of the company's stock worth $12,946,000 after purchasing an additional 311,091 shares during the period. Toronto Dominion Bank increased 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 buying an additional 4,338 shares during the last quarter. Millennium Management LLC grew its holdings in shares of NexGen Energy by 109.6% in the second 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 in the last quarter. Mackenzie Financial Corp grew its holdings in shares of NexGen Energy by 411.2% in the second quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company's stock valued at $10,675,000 after acquiring an additional 1,231,144 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of NexGen Energy during the 3rd quarter worth $6,585,000. 42.43% of the stock is owned by institutional investors and hedge funds.

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.