In sliding 3.7%, NexGen Energy Ltd. (TSX:NXE:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on February 16. After closing the previous session at $4.05, shares of NXE:CA opened this morning at $3.9 and closed the day at $3.9. Throughout the day, about 2.53 million shares changed hands, compared to an average 30-day volume of 2.28 million for NexGen Energy Ltd.. Shares moved as high as $4.03 and as low as $3.84 in today’s trading action.
The share depreciation gives the company a market capitalization of $1.24 billion based upon 306.19 million shares outstanding.
In the past 52 weeks, shares of NexGen Energy Ltd. have traded as low as $0.88 and as high as $4.45. Technical traders will take note that at $3.9, shares of NXE:CA are trading above their 50-day moving average (MA) at $2.947 and above their 200-day MA at above $2.367. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $NexGen Egy L?
NexGen Energy Ltd is engaged in the acquisition, exploration and development of Canadian uranium projects. It owns a portfolio of uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada. The company is led by its CEO Leigh Curyer from its headquarters at 1021 West Hastings Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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