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NexGen Energy Ltd.
Company Overview:
NexGen Energy Ltd (TSX: NXE) is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation, and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit. This Report covers the Entry Price, Support and Resistance Level of the stock.
As per the previous Report published on “NXE” as on 15th January 2024, Kalkine provided a “Speculative Buy” stance is given on the stock at the stock price of CAD 10.50.
Noted below are the details of support and resistance levels provided in the previous report:
NXE’s Daily Chart
NXE, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group
Considering current trading levels and risks associated, it is prudent to exit at the current levels. Hence, a “Sell’ recommendation is given on the stock at the closing market price of CAD 10.57 as on 06 February 2024.
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.
NexGen Energy Ltd (TSX: NXE) is a part of Kalkine’s Daily Report
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level as on 15th January 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.
Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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