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

NexGen Energy Ltd. (NYSE:NXE) was the target of unusually large options trading on Monday. Stock traders acquired 46,728 put options on the stock. This is an increase of 405% compared to the average daily volume of 9,254 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its holdings in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock worth $69,000 after purchasing an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC bought a new position in NexGen Energy in the 4th quarter valued at about $73,000. DekaBank Deutsche Girozentrale acquired a new position in NexGen Energy during the 3rd quarter valued at about $76,000. SevenBridge Financial Group LLC bought a new stake in NexGen Energy during the 3rd quarter worth approximately $87,000. Finally, New Harbor Financial Group LLC raised its stake in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares during the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Price Performance

NXE stock traded down $0.80 during midday trading on Monday, reaching $6.44. The company had a trading volume of 3,793,656 shares, compared to its average volume of 7,526,687. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 42.95 and a beta of 1.96. The stock has a 50 day moving average price of $7.50 and a 200-day moving average price of $6.89. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current year.

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.