Stock Traders Buy Large Volume of Put Options on NexGen Energy (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXEGet Free Report) saw some unusual options trading on Friday. Stock traders acquired 32,818 put options on the stock. This represents an increase of 301% compared to the typical daily volume of 8,177 put options.

Institutional Trading of NexGen Energy

Several large investors have recently made changes to their positions in NXE. Headlands Technologies LLC bought a new stake in NexGen Energy during the 3rd quarter worth about $28,000. Financial Security Advisor Inc. acquired a new stake in shares of NexGen Energy in the third quarter valued at approximately $61,000. Anchor Investment Management LLC bought a new position in NexGen Energy in the 4th quarter worth approximately $63,000. Clear Street Markets LLC bought a new position in NexGen Energy in the 3rd quarter worth approximately $65,000. Finally, Spartan Fund Management Inc. acquired a new position in NexGen Energy during the 4th quarter worth $86,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 10.6 %

Shares of NXE stock opened at $7.20 on Friday. The company has a market capitalization of $3.89 billion, a P/E ratio of 360.18 and a beta of 1.90. NexGen Energy has a 12-month low of $3.61 and a 12-month high of $8.88. The company has a quick ratio of 11.00, a current ratio of 11.00 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $7.85 and a 200 day moving average price of $7.21.

NexGen Energy (NYSE:NXEGet Free Report) last posted its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Research analysts forecast that NexGen Energy will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Scotiabank started coverage on NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating for the company.

Check Out Our Latest Stock Report on NexGen Energy

NexGen Energy Company Profile

(Get Free Report)

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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