Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 2.9% - What's Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price fell 2.9% during mid-day trading on Thursday . The stock traded as low as $6.05 and last traded at $6.08. 2,653,146 shares changed hands during trading, a decline of 70% from the average session volume of 8,966,336 shares. The stock had previously closed at $6.26.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price objective on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research note on Friday, May 9th.

Energy Fuels Stock Performance

The firm's 50 day moving average price is $5.19 and its two-hundred day moving average price is $5.04. The company has a market cap of $1.23 billion, a P/E ratio of -14.35 and a beta of 1.68.

Insider Buying and Selling at Energy Fuels

In other 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 completion of the sale, the vice president owned 517,029 shares in the company, valued at $2,817,808.05. The trade was a 28.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 218,597 shares of company stock valued at $1,192,142. Insiders own 1.77% of the company's stock.

Institutional Trading of Energy Fuels

Several hedge funds have recently modified their holdings of UUUU. Alps Advisors Inc. grew its position in Energy Fuels by 29.0% in the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Energy Fuels by 10.8% in the 1st 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 during the period. Ameriprise Financial Inc. grew its position in Energy Fuels by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 8,023,303 shares of the company's stock valued at $41,159,000 after purchasing an additional 31,364 shares during the period. Vanguard Group Inc. boosted its holdings in Energy Fuels by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock worth $38,316,000 after acquiring an additional 1,164,973 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Energy Fuels by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,330,189 shares of the company's stock worth $11,960,000 after acquiring an additional 11,667 shares during the last quarter. Institutional investors own 48.24% of the company's stock.

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.