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

NexGen Energy Ltd. (NYSE:NXE - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders bought 16,620 call options on the company. This is an increase of 72% compared to the average daily volume of 9,659 call options.

NexGen Energy Stock Performance

NXE traded down $0.31 during mid-day trading on Friday, reaching $5.59. 10,103,393 shares of the stock were exchanged, compared to its average volume of 8,459,722. NexGen Energy has a 1 year low of $4.95 and a 1 year high of $8.96. The stock has a market capitalization of $3.18 billion, a PE ratio of 37.24 and a beta of 1.94. The company has a 50 day moving average price of $6.73 and a two-hundred day moving average price of $6.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in shares of NexGen Energy by 15.5% during the 4th quarter. Mackenzie Financial Corp now owns 230,524 shares of the company's stock worth $1,519,000 after buying an additional 31,002 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of NexGen Energy by 3.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 134,655 shares of the company's stock valued at $888,000 after purchasing an additional 4,176 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NexGen Energy by 38.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 623,857 shares of the company's stock worth $4,117,000 after purchasing an additional 172,499 shares during the period. Tidal Investments LLC boosted its holdings in shares of NexGen Energy by 100.3% in the 4th quarter. Tidal Investments LLC now owns 62,617 shares of the company's stock worth $413,000 after buying an additional 31,362 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in NexGen Energy by 33.8% during the fourth quarter. Point72 Asset Management L.P. now owns 2,454,539 shares of the company's stock valued at $16,169,000 after buying an additional 620,321 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

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.