Yahoo Finance 
Is Nexgen Energy Ltd. About to Release New Information?
Shares of Nexgen Energy Ltd. (TSX:NXE) have been on a roller-coaster ride of late, with shares opening this year at $2.33, increasing to a high of $4.45 in February of this year, and since declining to a low around the $2.40 level this past week. Currently trading at $2.87 per share, investors are wondering if now is the time to get in, or if the run up in February was warranted at all.
The stock price appreciation Nexgen shareholders saw in February was primarily due to very favorable drilling results in the company’s core property portfolio. These results suggested that a significant amount of uranium may be found in outlying areas surrounding the core drill site, and investors considering the likelihood of such findings in surrounding areas, bought shares with the hope that the company’s property portfolio would continue to churn out positive resource indications.
As it turns out, the outlying areas did have uranium, just not in the amount and grade expected by analysts initially. Share prices for exploration and development companies such as Nexgen are very sensitive to analyst expectations and expert findings on these properties, and we can see by looking at a year-to-date chart that the stock price of Nexgen has truly been a volatility nightmare for any investor who likes slow, predictable upward movements in stock prices.
With more drilling to come and the largest untouched uranium deposit in Canada with very high-grade uranium, I am bullish on the upside for this small Canadian producer.
Invest wisely, my friends.
