NexGen Energy Ltd (NYSEAMERICAN:NXE)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 cut shares of NexGen Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 9th.
NexGen Energy (NYSEAMERICAN:NXE) last announced its earnings results on Monday, October 28th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01.
A number of hedge funds have recently made changes to their positions in the stock. Signition LP acquired a new position in NexGen Energy in the 2nd quarter valued at approximately $73,000. UBS Asset Management Americas Inc. increased its position in shares of NexGen Energy by 37.8% during the second quarter. UBS Asset Management Americas Inc. now owns 174,100 shares of the company’s stock valued at $272,000 after purchasing an additional 47,800 shares during the period. Toronto Dominion Bank increased its position in shares of NexGen Energy by 4.8% during the second quarter. Toronto Dominion Bank now owns 183,796 shares of the company’s stock valued at $285,000 after purchasing an additional 8,501 shares during the period. CIBC Asset Management Inc raised its stake in shares of NexGen Energy by 14.2% in the second quarter. CIBC Asset Management Inc now owns 184,756 shares of the company’s stock valued at $288,000 after purchasing an additional 22,946 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of NexGen Energy by 34.9% in the second quarter. Pinnacle Associates Ltd. now owns 187,881 shares of the company’s stock valued at $295,000 after purchasing an additional 48,629 shares in 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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