Energy Fuels (TSE:EFR) Shares Up 11.4% - Here's Why

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 shares 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 changed hands during mid-day trading, a decline of 52% from the average session volume of 839,671 shares. The stock had previously closed at C$13.19.

Analysts Set New Price Targets

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

Energy Fuels Trading Down 0.2%

The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -43.83 and a beta of 1.54. 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 firm has a fifty day moving average of C$9.87 and a 200-day moving average of C$7.59.

Insider Activity at Energy Fuels

In related news, Senior Officer Timothy James Carstens sold 210,612 shares of the stock in a transaction on Tuesday, June 10th. The stock was 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 stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of C$7.77, for a total value of C$27,847.92. In the last three months, insiders sold 218,597 shares of company stock worth $1,633,475. Corporate insiders own 2.03% of the company's stock.

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.