NexGen Energy Ltd. (NXE) Slid on Decline in Uranium Prices

L1 Capital , an investment management firm, released its “L1 Long Short Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here . Over the quarter, global markets moved higher, due to lower inflation data which continued to trend downward as central banks increased interest rate reductions. The portfolio returned 2.4% for the quarter compared to a 7.8% return for the S&P/ASX 200 AI. Over the past five years, the portfolio return was 18.4% p.a compared to 8.4% p.a. for the index. In addition, you can check the fund’s top 5 holdings to know its best picks in 2024.

L1 Long Short Fund highlighted stocks like NNexGen Energy Ltd. (NYSE: NXE ), in the third quarter 2024 investor letter. NexGen Energy Ltd. (NYSE:NXE) engages in the acquisition, exploration, and evaluation and development of uranium properties. The one-month return of NexGen Energy Ltd. (NYSE:NXE) was -5.35%, […]

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