Energy Fuels (TSE:EFR) Shares Pass Above 50-Day Moving Average - Time to Sell?

Key Points

• Energy Fuels Inc. shares crossed above their 50-day moving average of C$17.30, trading as high as C$26.85, indicating positive momentum in the stock's performance.
• Recent analyst ratings show mixed opinions, with Roth Capital downgrading the stock to "hold," while B. Riley and Canaccord Genuity upgraded it to "strong-buy."
• Director James Birks Bovaird sold 10,000 shares at C$20.47, reducing his holdings by 6.32%, while insiders currently own 2.03% of the total stock.

Shares of Energy Fuels Inc. (TSE:EFR - Get Free Report) NASDAQ: UUUU crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$17.30 and traded as high as C$26.85. Energy Fuels shares last traded at C$25.12, with a volume of 2,631,823 shares changing hands.

Analysts Set New Price Targets

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

Energy Fuels Stock Up 2.8%

The business's 50 day simple moving average is C$17.30 and its 200-day simple moving average is C$10.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 19.23 and a current ratio of 18.01. The company has a market cap of C$5.79 billion, a price-to-earnings ratio of -51.27 and a beta of 1.78.

Insiders Place Their Bets

In other news, Director James Birks Bovaird sold 10,000 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of C$20.47, for a total transaction of C$204,650.00. Following the completion of the sale, the director directly owned 148,151 shares of the company's stock, valued at C$3,031,910.22. This trade represents a 6.32% decrease in their position. 2.03% of the stock is currently owned by insiders.

About Energy Fuels

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.