Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up - Here's What Happened

Shares of Energy Fuels Inc. (NYSEAMERICAN:UUUU - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.50, but opened at $5.00. Energy Fuels shares last traded at $5.13, with a volume of 9,563,460 shares changing hands.

Analyst Upgrades and Downgrades

UUUU has been the topic of several analyst reports. Roth Capital set a $5.75 price target on shares of Energy Fuels in a research report on Friday, February 28th. Roth Mkm raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $5.75 price objective for the company in a research report on Friday, February 28th. Finally, HC Wainwright decreased their target price on Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a research note on Friday, May 9th.

Energy Fuels Stock Performance

The firm's 50 day moving average is $4.27 and its two-hundred day moving average is $5.25. The stock has a market capitalization of $1.04 billion, a PE ratio of -23.73 and a beta of 1.68.

Insider Buying and Selling

In other Energy Fuels news, Director Bruce D. Hansen purchased 6,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $4.25 per share, for a total transaction of $25,500.00. Following the completion of the purchase, the director now directly owns 295,239 shares in the company, valued at approximately $1,254,765.75. This represents a 2.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Daniel Kapostasy sold 12,350 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $4.10, for a total value of $50,635.00. Following the completion of the sale, the vice president now owns 57,705 shares in the company, valued at approximately $236,590.50. This represents a 17.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Fuels

Large investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new position in Energy Fuels in the fourth quarter valued at $25,000. Byrne Asset Management LLC grew its stake in shares of Energy Fuels by 114.6% in the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock valued at $29,000 after purchasing an additional 4,127 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of 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 grew its stake in shares of Energy Fuels by 65.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company's stock valued at $32,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Lionstone Capital Management LLC purchased a new position in shares of Energy Fuels in the 4th quarter valued at approximately $35,000. 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.

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