Jim Cramer on NexGen Energy: “Take Out Your Cost Basis Tomorrow”

NexGen Energy Ltd. (NYSE:NXE) is one of the stocks Jim Cramer recently offered insights on. During the lightning round, a caller asked if they should buy, sell, or hold the stock, and Cramer commented:

“NXE’s had a really, really big move. Why don’t you do this? Why don’t you know, no doubt, you probably have your, the cost basis as well below this. Take out your cost basis tomorrow, and then you can let it run.”

Photo by Artem Podrez on Pexels

NexGen Energy Ltd. (NYSE:NXE) focuses on the exploration and development of uranium resources. It owns the Rook I project, a major mineral property in Saskatchewan’s Athabasca Basin. On August 28, the company reported positive results from its summer drilling program at the Patterson Corridor East project. The results confirm strong high-grade continuity, with a mineralized zone extending at least 200 meters and forming part of a broader pattern of high-grade shoots. NexGen has completed about half of its 2025 drilling plan, with many of the holes showing uranium, including several very rich ones.

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Disclosure: None. This article is originally published at Insider Monkey.