NexGen Energy (NYSEAMERICAN:NXE) Sees Large Volume Increase

NexGen Energy Ltd (NYSEAMERICAN:NXE) saw an uptick in trading volume on Friday . 1,176,366 shares traded hands during trading, an increase of 268% from the previous session’s volume of 320,004 shares.The stock last traded at $1.76 and had previously closed at $1.61.

NexGen Energy (NYSEAMERICAN:NXE) last released its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04.

Several hedge funds have recently modified their holdings of the company. State of Tennessee Treasury Department raised its stake in NexGen Energy by 33.9% in the 1st quarter. State of Tennessee Treasury Department now owns 4,080,859 shares of the company’s stock valued at $6,598,000 after purchasing an additional 1,032,943 shares during the last quarter. Deutsche Bank AG lifted its stake in NexGen Energy by 63,606,800.0% during the 4th quarter. Deutsche Bank AG now owns 636,069 shares of the company’s stock worth $1,131,000 after acquiring an additional 636,068 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in NexGen Energy during the 1st quarter worth about $1,208,000. D. E. Shaw & Co. Inc. lifted its stake in NexGen Energy by 654.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 453,300 shares of the company’s stock worth $801,000 after acquiring an additional 393,200 shares in the last quarter. Finally, Dudley & Shanley Inc. raised its position in NexGen Energy by 9.9% in the 1st quarter. Dudley & Shanley Inc. now owns 1,091,000 shares of the company’s stock valued at $1,764,000 after purchasing an additional 98,000 shares in the last quarter.

About NexGen Energy (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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