NexGen Energy Ltd (NYSEAMERICAN:NXE)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $1.20. NexGen Energy shares last traded at $1.17, with a volume of 59,781 shares traded.
Separately, Zacks Investment Research lowered shares of NexGen Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.
NexGen Energy (NYSEAMERICAN:NXE) last released its earnings results on Monday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01.
Large investors have recently made changes to their positions in the company. Jeneq Management LP purchased a new position in NexGen Energy during the 2nd quarter worth approximately $2,229,000. Exane Derivatives increased its stake in shares of NexGen Energy by 52.6% in the third quarter. Exane Derivatives now owns 435,000 shares of the company’s stock worth $565,000 after acquiring an additional 150,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of NexGen Energy by 127.1% in the second quarter. Wells Fargo & Company MN now owns 218,981 shares of the company’s stock worth $344,000 after acquiring an additional 122,558 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of NexGen Energy by 1.0% during the second quarter. Russell Investments Group Ltd. now owns 10,891,567 shares of the company’s stock worth $17,010,000 after purchasing an additional 108,101 shares during the last quarter. Finally, Progeny 3 Inc. raised its holdings in shares of NexGen Energy by 41.8% during the third quarter. Progeny 3 Inc. now owns 333,120 shares of the company’s stock worth $433,000 after purchasing an additional 98,230 shares during the last quarter.
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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