NexGen Energy (TSE:NXE) Reaches New 1-Year Low - Time to Sell?

NexGen Energy Ltd. (TSE:NXE - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.00 and last traded at C$7.16, with a volume of 1222916 shares. The stock had previously closed at C$7.63.

Analyst Upgrades and Downgrades

NXE has been the topic of several research reports. Raymond James raised their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a report on Wednesday, November 20th. Scotiabank lifted their target price on shares of NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. Cormark increased their price target on NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. Haywood Securities raised their target price on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a report on Thursday, November 21st. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$13.59.

NexGen Energy Stock Performance

The company has a debt-to-equity ratio of 35.49, a quick ratio of 8.20 and a current ratio of 1.16. The company has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 27.26 and a beta of 1.76. The company's fifty day simple moving average is C$9.23 and its two-hundred day simple moving average is C$9.52.

Insiders Place Their Bets

In other news, Director Leigh Robert Curyer sold 1,250,000 shares of NexGen Energy stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$11.55, for a total value of C$14,442,875.00. 7.96% of the stock is currently owned by company insiders.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.