Energy Fuels (TSE:EFR) Stock Price Up 11.4% - Should You Buy?

Key Points

• Energy Fuels Inc.'s stock price surged 11.4% during trading, reaching C$14.69, following a previous close at C$13.19.
• Several analysts issued buy ratings for the stock, with Canaccord Genuity upgrading it to a strong-buy and Roth Capital downgrading it to a hold.
• Energy Fuels is the largest uranium producer in the U.S., holding significant production capacity and resources, as well as producing vanadium.

Energy Fuels Inc. (TSE:EFR - Get Free Report) NASDAQ: UUUU shot up 11.4% on Friday . The stock traded as high as C$14.69 and last traded at C$14.69. 404,950 shares were traded during trading, a decline of 52% from the average session volume of 839,671 shares. The stock had previously closed at C$13.19.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EFR. Canaccord Genuity Group raised Energy Fuels from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, July 2nd. Roth Capital downgraded Energy Fuels from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Finally, B. Riley raised Energy Fuels to a "strong-buy" rating in a report on Tuesday, July 22nd.

Energy Fuels Stock Performance

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$1.83 billion, a price-to-earnings ratio of -43.60 and a beta of 1.54. The company has a fifty day moving average of C$9.74 and a two-hundred day moving average of C$7.56.

Insider Activity at Energy Fuels

In other news, Senior Officer Timothy James Carstens sold 210,612 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$7.47, for a total value of C$1,572,534.50. Also, Senior Officer Dee Ann Nazarenus sold 3,585 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of C$7.77, for a total transaction of C$27,847.92. Insiders have sold a total of 218,597 shares of company stock valued at $1,633,475 in the last 90 days. 2.03% of the stock is owned by corporate 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.