Energy Fuels (TSE:EFR) Sets New 52-Week High - Here's Why

Key Points

• Energy Fuels Inc. shares reached a new 52-week high of C$18.54, closing at C$18.39 with substantial trading volume of over 1.16 million shares.
• Analysts have shown mixed sentiment, with two upgrades to "strong-buy," while one downgrade to "hold" was issued, resulting in a consensus rating of "Buy."
• Energy Fuels is the largest uranium producer in the U.S., operating three key production facilities and also producing vanadium.

Energy Fuels Inc. (TSE:EFR - Get Free Report) NASDAQ: UUUU reached a new 52-week high during trading on Tuesday . The stock traded as high as C$18.54 and last traded at C$18.39, with a volume of 1162761 shares changing hands. The stock had previously closed at C$16.44.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EFR. Canaccord Genuity Group upgraded shares of Energy Fuels from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, July 2nd. B. Riley upgraded shares of Energy Fuels to a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Roth Capital downgraded Energy Fuels from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Energy Fuels has an average rating of "Buy".

Energy Fuels Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 18.01 and a quick ratio of 19.23. The stock has a market cap of C$3.82 billion, a PE ratio of -33.76 and a beta of 1.75. The business has a 50 day moving average price of C$13.41 and a two-hundred day moving average price of C$8.89.

Energy Fuels Company Profile

Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado Energy Fuels holds three of Americas key uranium production centers: the White Mesa Mill in Utah the Nichols Ranch ISR Facility in Wyoming and the Alta Mesa ISR Facility in Texas.