NexGen Energy Registers C$17.5M Loss In Q2
Portfolio Pulse from Lekha Gupta
NexGen Energy Ltd reported a Q2 FY23 EPS loss of C$(0.04) compared to C$(0.02) a year ago, and a net loss of C$(17.5) million vs. net income of C$17.6 million a year ago. The company also reported a mark-to-market loss on the Convertible Debentures of C$2.7 million. As of June 30, 2023, the cash balance stood at C$100.6 million, and marketable securities at C$7.2 million. The company's shares are trading lower by 0.51% at $4.87.
August 09, 2023 | 5:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
NexGen Energy reported a larger than expected loss for Q2 FY23, which has led to a decrease in its stock price.
NexGen Energy's reported losses for Q2 FY23 were larger than expected, which has negatively impacted investor sentiment and led to a decrease in the company's stock price. The company's financial position, as indicated by its cash balance and marketable securities, may also be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100