NexGen Energy (NYSE:NXE) Shares Down 4.5% – Time to Sell?

NexGen Energy Ltd. (NYSE:NXE)’s stock price fell 4.5% during mid-day trading on Friday . The company traded as low as $6.19 and last traded at $6.20. 1,612,963 shares changed hands during mid-day 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 Stock Down 5.0 %

The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 41.10 and a beta of 1.94. The company has a fifty day moving average of $6.97 and a two-hundred day moving average of $6.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NXE. New Harbor Financial Group LLC boosted its position in shares of NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares in the last quarter. Stanley Laman Group Ltd. grew its position in NexGen Energy by 2.1% during the third quarter. Stanley Laman Group Ltd. now owns 490,040 shares of the company’s stock worth $3,200,000 after buying an additional 9,991 shares during the period. Rye Brook Capital LLC increased its holdings in NexGen Energy by 18.7% in the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock valued at $4,538,000 after buying an additional 109,500 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of NexGen Energy by 132.6% during the 3rd quarter. Legacy Capital Group California Inc. now owns 41,773 shares of the company’s stock valued at $273,000 after acquiring an additional 23,812 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of NexGen Energy during the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

About NexGen Energy

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.