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

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $5.59, but opened at $6.05. Energy Fuels shares last traded at $6.47, with a volume of 14,570,683 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UUUU. Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a research note on Friday. HC Wainwright decreased their target price 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 Up 1.4%

The stock's 50-day moving average is $5.31 and its 200 day moving average is $5.02. The stock has a market capitalization of $1.31 billion, a PE ratio of -15.35 and a beta of 1.68.

Insider Activity at Energy Fuels

In related news, VP Timothy James Carstens sold 210,612 shares of the 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 completion of 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 document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 218,597 shares of company stock worth $1,192,142 over the last three months. 1.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Energy Fuels

Several hedge funds have recently modified their holdings of UUUU. Alps Advisors Inc. raised its holdings in Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after purchasing an additional 3,584,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Energy Fuels by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after purchasing an additional 1,231,484 shares during the period. Ameriprise Financial Inc. raised its holdings in Energy Fuels by 0.4% in the fourth quarter. Ameriprise Financial Inc. now owns 8,023,303 shares of the company's stock worth $41,159,000 after purchasing an additional 31,364 shares during the period. Vanguard Group Inc. raised its holdings in Energy Fuels by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock worth $38,316,000 after purchasing an additional 1,164,973 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Energy Fuels in the second quarter worth $29,525,000. 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.