NXE
USNexGen Energy Ltd. ação
Energy · Oil, Gas & Consumable Fuels
$8.25last close
+1.5%~252d
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Price
+1.48% over 1Y4 auto-fib
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Tese
em 2026-11-06
Structural: pure-play pre-production uranium developer levered to Western utility supply-deficit thesis as $CCJ, $UEC, $DNN, $URA narrative compounds - Arrow's grade (~3.1% U3O8 indicated) sits in the top decile globally and would re-rate NXE to mid-tier producer status on first pour.
Bull case:
- Arrow scale + grade make Rook I one of few Western projects that can move the global supply curve at scale
- Federal CNSC permitting is the binary catalyst - approval unlocks construction decision + offtake leverage
- Utility long-term contract market has tightened; high-grade Western pounds command premium pricing power
- $1B+ cash + uranium inventory (2.7Mlb purchased) gives optionality on equity-light financing path
- Tier-1 jurisdiction (Saskatchewan) de-risks vs Niger/Kazakh peers in a fragmenting fuel-cycle world
Bear case:
- Pre-revenue: every quarter is dilution risk until production decision is funded
- Permitting timeline has slipped multiple times; Canadian regulatory drag is non-trivial
- Spot uranium volatile - equity beta to U3O8 cuts both ways on drawdowns
- Construction capex + execution risk on a first-of-kind mine in remote Athabasca
- No producing asset = no cash flow cushion if uranium tape rolls over before first pour
- Rook I / Arrow deposit - 100%-owned flagship; feasibility study confirms one of largest high-grade undeveloped uranium projects globally (Athabasca Basin, Saskatchewan)
- CNSC federal licensing - Canadian Nuclear Safety Commission environmental assessment + license-to-construct process is the gating catalyst
- Uranium inventory - accumulated ~2.7Mlb physical U3O8 as treasury / financing optionality
- Strategic equity - IsoEnergy / cross-shareholding positions across Athabasca exploration peers
- Dual listing - TSX: NXE.TO and NYSE: NXE; included in $URA and $URNM uranium ETF baskets
clientesWestern utility offtake (pending) · US/EU nuclear fuel buyers · Uranium ETFs ($URA, $URNM)
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Top correlated252d co-movement
Related research
Long-form analysis touching NXE
- 8 minNexGen Energy (NXE): what it does, how it pays for Rook I, and what the market doubtsA C$2.2B uranium mine licensed in March 2026 and under construction since June, up to 30M lb a year planned for around 2030, no sales contract yet, stock about 41% under its high. What NexGen does.
- 5 minEnergy Fuels (UUUU) Q3: a 62% uranium margin, a $35M securities mark is the storyEnergy Fuels posted $29.2M of revenue, up 65%, selling uranium at $88.90/lb against a $34.04/lb cost. The net loss tripled to $52.4M on a $35.3M mark on its securities book.
- 8 minUranium Energy (UEC): what it does, how it makes money, and why revenue is still inventoryTwo producing in-situ uranium mines, $495M of cash, no debt, and $37.3M of fiscal 2026 revenue that came from inventory, not the wellfields. What Uranium Energy does and how UEC makes money.
- 8 minLightbridge (LTBR): what it does, how it pays its bills, and why it trades below cashA nuclear fuel developer with no revenue, $237.5M of cash and no debt at June 30, valued at about $179M by the market: an 82% drawdown that prices the fuel below zero. What Lightbridge does.
Recent news
High-signal only
Key levels
- -5.7%$8.750.786 retr of 7.33->13.96 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -16.4%$9.860.618 retr of 7.33->13.96 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -22.5%$10.640.5 retr of 7.33->13.96 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -27.8%$11.430.382 retr of 7.33->13.96 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Facts
- Exchange
- US
- Currency
- USD
- Market cap
- $5.53B
- Last update
- 2026-11-06
Frequently asked questions
- What sector is NXE in?
- NexGen Energy Ltd. is classified under GICS Energy (Oil, Gas & Consumable Fuels).
- What is NXE's last close price?
- NXE last closed at $8.25 on 2026-11-06.