Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 2.9% - Time to Sell?

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

Analysts Set New Price Targets

Separately, HC Wainwright cut their price target on 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 Trading Down 1.4%

The business's 50-day simple moving average is $5.13 and its 200-day simple moving average is $5.06. The company has a market capitalization of $1.23 billion, a PE ratio of -14.35 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 company's stock in a transaction dated 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 transaction, the vice president owned 517,029 shares of the company's stock, valued at $2,817,808.05. This represents a 28.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 218,597 shares of company stock worth $1,192,142 in the last quarter. Company insiders own 1.77% of the company's stock.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC lifted its position 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 buying an additional 4,127 shares during the last quarter. Sterling Capital Management LLC raised its position in Energy Fuels by 793.4% in the 4th quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock valued at $30,000 after purchasing an additional 5,260 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Energy Fuels by 65.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company's stock worth $32,000 after purchasing an additional 2,442 shares during the period. Lionstone Capital Management LLC purchased a new stake in shares of Energy Fuels in the fourth quarter valued at about $35,000. Finally, Adams Wealth Management purchased a new position in Energy Fuels in the 1st quarter valued at $37,000. 48.24% of the stock is owned by hedge funds and other 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.

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