NexGen Energy Ltd (NYSEAMERICAN:NXE) shares traded down 6.2% on Wednesday . The company traded as low as $1.19 and last traded at $1.21, 854,785 shares were traded during mid-day trading. An increase of 150% from the average session volume of 342,011 shares. The stock had previously closed at $1.29.
Separately, Zacks Investment Research raised NexGen Energy from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Thursday, July 18th.
Several institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new stake in NexGen Energy in the 1st quarter worth approximately $41,000. Signition LP purchased a new stake in shares of NexGen Energy during the 2nd quarter valued at $73,000. Raymond James & Associates grew its stake in shares of NexGen Energy by 236.6% during the 4th quarter. Raymond James & Associates now owns 130,053 shares of the company’s stock valued at $230,000 after buying an additional 91,420 shares during the period. Toronto Dominion Bank grew its stake in shares of NexGen Energy by 17.4% during the 1st quarter. Toronto Dominion Bank now owns 175,295 shares of the company’s stock valued at $283,000 after buying an additional 25,958 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of NexGen Energy by 14.2% during the 2nd quarter. CIBC Asset Management Inc now owns 184,756 shares of the company’s stock valued at $288,000 after buying an additional 22,946 shares during the period.
NexGen Energy Company Profile (NYSEAMERICAN:NXE)
NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.
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