Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 6% - Here's What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares traded up 6% during mid-day trading on Tuesday . The stock traded as high as $7.45 and last traded at $7.43. 9,345,247 shares changed hands during trading, an increase of 1% from the average session volume of 9,233,210 shares. The stock had previously closed at $7.01.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UUUU. Roth Capital lowered Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a research report on Friday, July 11th. HC Wainwright reduced their price target on Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a research report on Friday, May 9th.

Energy Fuels Stock Performance

The company has a market cap of $1.82 billion, a price-to-earnings ratio of -21.26 and a beta of 1.68. The business has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $5.07.

Insider Activity at Energy Fuels

In other news, VP Timothy James Carstens sold 210,612 shares of the stock in a transaction dated Tuesday, June 10th. The stock was 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 in the company, valued at approximately $2,817,808.05. This represents a 28.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 218,597 shares of company stock valued at $1,192,142. Corporate insiders own 1.77% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UUUU. Byrne Asset Management LLC lifted its position in 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 acquiring an additional 4,127 shares during the period. Sterling Capital Management LLC lifted its position in Energy Fuels by 793.4% during 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 period. Steward Partners Investment Advisory LLC lifted its position 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 acquiring an additional 2,442 shares during the period. Lionstone Capital Management LLC acquired a new stake in Energy Fuels during the 4th quarter worth approximately $35,000. Finally, Adams Wealth Management acquired a new stake in Energy Fuels during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors 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.