NexGen Energy (NYSE:NXE) Shares Down 4.5% – What’s Next?

NexGen Energy Ltd. (NYSE:NXE) traded down 4.5% during trading on Friday . The company traded as low as $6.19 and last traded at $6.20. 1,612,963 shares changed hands during trading, a decline of 80% from the average session volume of 8,023,677 shares. The stock had previously closed at $6.49.

NexGen Energy Price Performance

The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 41.10 and a beta of 1.94. The business’s 50-day moving average price is $6.97 and its two-hundred day moving average price is $6.86.

Institutional Investors Weigh In On NexGen Energy

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock worth $134,779,000 after buying an additional 298,106 shares during the period. Segra Capital Management LLC boosted its position in shares of NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after acquiring an additional 1,931,200 shares during the last quarter. Van ECK Associates Corp grew its holdings in NexGen Energy by 79.7% in the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the period. The Manufacturers Life Insurance Company increased its position in NexGen Energy by 792.0% during the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after purchasing an additional 6,317,538 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in NexGen Energy by 222.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock worth $41,882,000 after purchasing an additional 4,378,933 shares during the period. 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.