NexGen Energy (NYSE:NXE) Trading 10.3% Higher – What’s Next?

NexGen Energy Ltd. (NYSE:NXE)’s share price rose 10.3% during trading on Thursday . The company traded as high as $7.32 and last traded at $7.28. Approximately 1,755,950 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 5,850,524 shares. The stock had previously closed at $6.60.

NexGen Energy Stock Up 11.8 %

The firm has a fifty day moving average price of $7.60 and a 200 day moving average price of $6.89. The company has a market cap of $4.18 billion, a P/E ratio of 49.20 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Segra Capital Management LLC increased its stake in NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after purchasing an additional 1,931,200 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after purchasing an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock worth $30,810,000 after buying an additional 1,582,705 shares in the last quarter. Mountaineer Partners Management LLC lifted its stake in NexGen Energy by 536.6% in the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after acquiring an additional 3,107,214 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of NexGen Energy by 1.5% in the second quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock valued at $21,834,000 after purchasing an additional 47,394 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.