NexGen Energy NXE-T is focused on its 100-per-cent-owned Rook I uranium project in Saskatchewan which is at the environmental assessment stage. Over the past two years, the stock is up more than 150 per cent, helped by hopes that nuclear power adoption would increase as the world looks for more ways to reduce carbon emissions. Since summer, however, the stock has been stuck in a range. A director seems to be betting it can eventually break out, having spent about $400,000 buying shares in the public market this month.
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Ted Dixon is chief executive of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
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