Shares of NexGen Energy Ltd. (TSXV: NXE), a junior uranium explorer, rallied with strong momentum after climbing more than
10% in each of the past two consecutive trading days following positive drill
results. During the last session, NXE was among the top performer in the Canadian diversified mining sector after climbing 10.3% and closing at C$0.38 while recording significant volumes of 1.6 million shares. During the last 5-trading sessions, the stock gained 20.9% with daily average trading volumes of 505,790 shares compared with one month daily average trading volumes of 184,309 shares. The stock accumulated gains of 25% in the past one month. Recently, NXE reported strongest and shallowest mineralization till July 27th 2014 at the Arrow Discovery at Athabasca Basin in Saskatchewan. A total of 8,900.4 meters has been drilled at the Arrow zone in 22 holes and the company intersected 22.35 meter at 3.42% U3O8 in AR-14-15 including 4.5 meter at 15.74% U3O8 at the Arrow Discovery.
Company Description:
NexGen Energy Ltd. (TSXV: NXE) operates as a special purpose uranium exploration company. The company acquires, explores and develops properties for uranium resources in Canada.
1-Year Stock Chart:
Source: Bloomberg
