Energy Fuels (NYSEAMERICAN:UUUU) Coverage Initiated by Analysts at B. Riley

B. Riley initiated coverage on shares of Energy Fuels (NYSEAMERICAN:UUUU - Free Report) in a research note released on Wednesday morning, Marketbeat reports. The brokerage issued a buy rating and a $9.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright reduced their price target on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Roth Capital cut shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a research report on Friday, July 11th.

Energy Fuels Price Performance

Shares of UUUU stock traded up $0.05 during mid-day trading on Wednesday, hitting $10.01. The company had a trading volume of 12,074,231 shares, compared to its average volume of 9,749,099. Energy Fuels has a 52-week low of $3.20 and a 52-week high of $10.04. The stock's 50 day moving average price is $6.10 and its 200-day moving average price is $5.20. The company has a market capitalization of $1.99 billion, a P/E ratio of -23.28 and a beta of 1.68.

Insider Buying and Selling at Energy Fuels

In related news, VP Timothy James Carstens sold 210,612 shares of Energy Fuels stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $5.45, for a total value of $1,147,835.40. Following the sale, the vice president owned 517,029 shares of the company's stock, valued at approximately $2,817,808.05. This trade represents a 28.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 218,597 shares of company stock worth $1,192,142. 1.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Fuels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Byrne Asset Management LLC raised its holdings in shares of Energy Fuels by 114.6% during the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after acquiring an additional 4,127 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Energy Fuels by 793.4% during the 4th quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock worth $30,000 after acquiring an additional 5,260 shares during the period. Lionstone Capital Management LLC purchased a new position in shares of Energy Fuels during the 4th quarter worth $35,000. Adams Wealth Management purchased a new position in shares of Energy Fuels during the 1st quarter worth $37,000. Finally, CacheTech Inc. purchased a new position in shares of Energy Fuels during the 1st quarter worth $37,000. Institutional investors and hedge funds own 48.24% of the company's stock.

About Energy Fuels

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.