Energy Fuels (NYSEAMERICAN:UUUU) Hits New 52-Week High - Here's What Happened

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.52 and last traded at $9.46, with a volume of 1143352 shares trading hands. The stock had previously closed at $9.20.

Wall Street Analyst Weigh In

UUUU has been the subject of several analyst reports. HC Wainwright lowered their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a research report on Friday, July 11th. Finally, B. Riley initiated coverage on Energy Fuels in a research report on Wednesday. They set a "buy" rating and a $9.00 price objective for the company.

Energy Fuels Stock Up 0.5%

The company has a market cap of $1.99 billion, a price-to-earnings ratio of -23.28 and a beta of 1.68. The stock has a 50 day simple moving average of $6.22 and a 200 day simple moving average of $5.23.

Insider Transactions at Energy Fuels

In other news, VP Timothy James Carstens sold 210,612 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the completion of the sale, the vice president directly owned 517,029 shares of the company's stock, valued at $2,817,808.05. This trade represents a 28.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 218,597 shares of company stock worth $1,192,142. Company insiders own 1.77% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

Several institutional investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Energy Fuels during the second quarter valued at approximately $29,525,000. Alps Advisors Inc. boosted its holdings in Energy Fuels by 29.0% during the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after purchasing an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Energy Fuels by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock valued at $46,927,000 after purchasing an additional 1,231,484 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Energy Fuels by 18.5% during the fourth quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock valued at $38,316,000 after purchasing an additional 1,164,973 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Energy Fuels during the fourth quarter valued at approximately $5,467,000. 48.24% of the stock is currently owned by institutional investors.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.