NexGen Energy Ltd.
NXG.AXEnergyASXUranium · Last scanned May 30, 2026
Scan Results
Daily timeframeNexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, evaluation, and development of uranium properties in Canada. Valued at $10.49B, NXG.AX is a large-cap name in its sector. The company holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of approximately 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
Market Cap
$10.49B
Beta
1.69
P/E (TTM)
—
P/E (Fwd)
-95.65
EPS (TTM)
$-0.69
EPS (Fwd)
$-0.17
ROE
-29.6%
ROA
-3.0%
Cash
$1.02B
Total Debt
$721.0M
Free CF
-$280.5M
52W Change
66.8%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $1.02B in cash comfortably exceeding the $721.0M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow is running at -$280.5M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -29.6%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits.
NexGen Energy Ltd.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing NXG.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.