Energy Fuels (NYSEAMERICAN:UUUU) Trading 6% Higher - Should You Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares shot 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 traded hands during mid-day 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 Analyst Weigh In

Several brokerages have recently issued reports on UUUU. HC Wainwright decreased their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a research note on Friday, July 11th.

Energy Fuels Stock Up 3.1%

The firm has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $5.03. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -18.60 and a beta of 1.68.

Insiders Place Their Bets

In related news, VP Timothy James Carstens sold 210,612 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the vice president directly owned 517,029 shares of the company's stock, valued at $2,817,808.05. This trade represents a 28.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 218,597 shares of company stock worth $1,192,142 over the last quarter. Corporate insiders own 1.92% of the company's stock.

Institutional Trading of Energy Fuels

Several institutional investors and hedge funds have recently made changes to their positions in UUUU. Byrne Asset Management LLC lifted its position 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 valued at $29,000 after acquiring an additional 4,127 shares in the last quarter. Sterling Capital Management LLC lifted its position in Energy Fuels by 793.4% during the fourth quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock worth $30,000 after buying an additional 5,260 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Energy Fuels by 65.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company's stock worth $32,000 after buying an additional 2,442 shares during the period. Lionstone Capital Management LLC purchased a new position in Energy Fuels during the fourth quarter worth about $35,000. Finally, Adams Wealth Management purchased a new position in Energy Fuels during the first quarter worth about $37,000. 48.24% of the stock is currently owned by hedge funds and other 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.