NexGen Energy Ltd. (TSE:NXE – Get Rating)'s share price rose 0.3% during mid-day trading on Wednesday . The company traded as high as C$6.29 and last traded at C$6.27. Approximately 1,844,200 shares were traded during trading, an increase of 46% from the average daily volume of 1,260,484 shares. The stock had previously closed at C$6.25.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXE. Pi Financial dropped their price objective on shares of NexGen Energy from C$9.70 to C$9.50 in a report on Thursday, December 8th. Raymond James reduced their price objective on shares of NexGen Energy from C$9.50 to C$9.00 in a research report on Friday, October 21st.

NexGen Energy Stock Performance

The company has a market cap of C$3.01 billion and a P/E ratio of -37.77. The business has a fifty day moving average of C$5.91 and a 200 day moving average of C$5.57. The company has a quick ratio of 8.20, a current ratio of 8.31 and a debt-to-equity ratio of 17.24.

Insider Buying and Selling at NexGen Energy

In other NexGen Energy news, Director Donald Jeffrey Roberts purchased 49,000 shares of the firm's stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average cost of C$5.86 per share, with a total value of C$287,196.84. Following the purchase, the director now owns 95,700 shares of the company's stock, valued at C$560,913.01.

About NexGen Energy

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NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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