Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 9.5% - What's Next?

Key Points

• Energy Fuels Inc. shares increased by 9.5%, trading at approximately $9.69, after closing at $8.85, despite a 31% drop in trading volume from its average.
• Analyst ratings for Energy Fuels have fluctuated, with Roth Capital downgrading the stock to a "neutral" rating with a $6.00 price target, while others maintained "buy" ratings with varying price objectives.
• Insider selling was reported, with VP Timothy James Carstens selling over 210,000 shares, leading to a 28.94% reduction in their holding.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price rose 9.5% during mid-day trading on Monday . The stock traded as high as $9.72 and last traded at $9.69. Approximately 6,830,112 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 9,843,106 shares. The stock had previously closed at $8.85.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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 dropped their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, B. Riley started coverage on Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company.

Energy Fuels Price Performance

The stock has a 50-day moving average price of $6.69 and a two-hundred day moving average price of $5.37. The stock has a market cap of $2.16 billion, a PE ratio of -22.60 and a beta of 1.71.

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 shares were sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the sale, the vice president directly owned 517,029 shares of the company's stock, valued at $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 is available through this link. In the last ninety days, insiders sold 218,597 shares of company stock worth $1,192,142. Corporate insiders own 1.92% of the company's stock.

Institutional Trading of Energy Fuels

Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. lifted its position in Energy Fuels by 3.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,590 shares of the company's stock worth $291,000 after buying an additional 1,493 shares in the last quarter. Cetera Investment Advisers increased its stake in Energy Fuels by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 107,346 shares of the company's stock worth $552,000 after purchasing an additional 2,640 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Energy Fuels by 6.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 48,805 shares of the company's stock worth $282,000 after purchasing an additional 2,851 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Energy Fuels by 4.0% during the 4th quarter. National Bank of Canada FI now owns 74,637 shares of the company's stock worth $384,000 after acquiring an additional 2,878 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of Energy Fuels by 21.5% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 16,536 shares of the company's stock worth $61,000 after acquiring an additional 2,924 shares in the last quarter. Institutional investors and hedge funds 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.

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