Energy Fuels (NYSEAMERICAN:UUUU) Trading 10.1% Higher - Here's What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price was up 10.1% during trading on Wednesday . The company traded as high as $6.33 and last traded at $6.33. Approximately 10,893,439 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 8,968,468 shares. The stock had previously closed at $5.75.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their target price on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a report on Friday, May 9th.

Energy Fuels Stock Down 1.4%

The company has a market cap of $1.23 billion, a P/E ratio of -14.35 and a beta of 1.68. The firm's 50-day moving average price is $5.16 and its 200-day moving average price is $5.05.

Insider Buying and Selling

In related news, VP Timothy James Carstens sold 210,612 shares of the business'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 completion of the transaction, the vice president directly owned 517,029 shares in the company, valued at $2,817,808.05. The trade was a 28.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 218,597 shares of company stock valued at $1,192,142. 1.77% of the stock is owned by company insiders.

Institutional Trading of Energy Fuels

Institutional investors and hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC boosted its stake 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 buying an additional 4,127 shares in the last quarter. Sterling Capital Management LLC lifted its holdings 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 worth $30,000 after acquiring an additional 5,260 shares during the last quarter. Steward Partners Investment Advisory LLC boosted 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 in the last quarter. Lionstone Capital Management LLC bought a new position in shares of Energy Fuels during the fourth quarter valued at about $35,000. Finally, Adams Wealth Management purchased a new position in shares of Energy Fuels in the first quarter worth about $37,000. Hedge funds and other 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.