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

Key Points

• Energy Fuels Inc. shares reached a new 52-week high at $10.41 during trading, closing at $10.04 with significant trading volume of over 13 million shares.
• Research analysts have given mixed ratings: B. Riley issued a "buy" with a $9.00 price target, while HC Wainwright reduced their price target to $10.00, and Roth Capital downgraded the stock to "neutral" with a $6.00 price objective.
• Insider trading shows volatility as VP Timothy James Carstens sold over 210,000 shares recently, leading to a substantial decrease in their position in the company.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $10.41 and last traded at $10.04, with a volume of 13190462 shares changing hands. The stock had previously closed at $10.01.

Analysts Set New Price Targets

UUUU has been the subject of several analyst reports. HC Wainwright dropped their target price on Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a report on Friday, May 9th. Roth Capital lowered Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a research report on Friday, July 11th. Finally, B. Riley began coverage on Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target for the company.

Energy Fuels Stock Performance

The stock has a fifty day moving average of $6.53 and a 200 day moving average of $5.32. The company has a market capitalization of $1.75 billion, a P/E ratio of -20.53 and a beta of 1.68.

Insider Buying and Selling

In other Energy Fuels news, VP Timothy James Carstens sold 210,612 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 218,597 shares of company stock worth $1,192,142 over the last quarter. 1.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

Large investors have recently made changes to their positions in the company. Byrne Asset Management LLC grew its position in Energy Fuels by 114.6% in the first 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 in the last quarter. Sterling Capital Management LLC grew its position in Energy Fuels by 793.4% in the fourth 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 in the last quarter. Lionstone Capital Management LLC purchased a new position in Energy Fuels in the fourth quarter worth about $35,000. Adams Wealth Management purchased a new position in Energy Fuels in the first quarter worth about $37,000. Finally, CacheTech Inc. purchased a new position in Energy Fuels in the first quarter worth about $37,000. 48.24% of the stock is owned by institutional investors.

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.