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  5. NXE: The stock has been trading quite low recently. [NexGen Energy Ltd.]
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Q: The stock has been trading quite low recently. Can you advise the reasons for this?

Thanks
Asked by Dave on June 10, 2024
5i Research Answer:

NXE on May 28 announced the purchase of $250M of uranium (we have comments posted). There has been no other signifcant news, but this purchase did confuse investors, wondering why a mining company would need to do this (there are several possible reasons such as future financing, loans, margin etc.). But the stock remains up 62% in a year. 

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