Nexgen Energy Ltd. shares rise 5.85% intraday as Canadian GDP data shows mixed results.
ByAinvest
Friday, Aug 29, 2025 3:06 pm ET1min read
NXE--
Nexgen Energy Ltd. rose 5.85% in intraday trading. The recent news events indicate that the Canadian economy is experiencing mixed signals, with GDP shrinking in Q2 but showing a slight increase in July. The contraction in Q2 was driven by significant declines in the export of goods and decreased business investment in machinery and equipment. However, the slight increase in July's GDP suggests a potential recovery, which could be positive for energy stocks like Nexgen Energy Ltd.

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