Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 4.5% - Here's What Happened

Key Points

• Energy Fuels Inc shares increased by 4.5% to $9.94 during Thursday trading, but overall trading volume decreased significantly, falling 84% below the average.
• Analysts have varied views on the stock, with HC Wainwright maintaining a "buy" rating and raising the price target from $10.00 to $12.00, while Roth Capital downgraded it to "neutral" with a target of $6.00.
• Insider selling activity was notable, with EVP Timothy James Carstens selling 250,000 shares for $2.61 million, resulting in a 48.35% decrease in his position in the company.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shot up 4.5% during trading on Thursday . The company traded as high as $9.95 and last traded at $9.94. 1,539,809 shares traded hands during trading, a decline of 84% from the average session volume of 9,836,561 shares. The stock had previously closed at $9.51.

Analyst Ratings Changes

A number of brokerages have commented on UUUU. HC Wainwright restated a "buy" rating and set a $12.00 price target (up previously from $10.00) on shares of Energy Fuels in a research note on Friday, August 8th. B. Riley began coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target for the company. Finally, Roth Capital lowered shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a research note on Friday, July 11th.

Energy Fuels Stock Performance

The stock has a market cap of $2.20 billion, a P/E ratio of -20.22 and a beta of 1.71. The company's 50 day moving average price is $7.38 and its 200-day moving average price is $5.60.

Insider Activity

In other news, EVP Timothy James Carstens sold 250,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $10.44, for a total value of $2,610,000.00. Following the completion of the sale, the executive vice president owned 267,029 shares in the company, valued at $2,787,782.76. This represents a 48.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 468,597 shares of company stock valued at $3,802,142. Corporate insiders own 1.77% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in UUUU. Sterling Capital Management LLC lifted its holdings in Energy Fuels by 793.4% during the fourth 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. SBI Securities Co. Ltd. lifted its holdings in shares of Energy Fuels by 27.5% in the second quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock worth $36,000 after buying an additional 1,344 shares in the last quarter. Lionstone Capital Management LLC purchased a new stake in shares of Energy Fuels in the fourth quarter worth about $35,000. Bessemer Group Inc. lifted its holdings in shares of Energy Fuels by 19,230.8% in the second quarter. Bessemer Group Inc. now owns 7,539 shares of the company's stock worth $43,000 after buying an additional 7,500 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its holdings in shares of 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. 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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