Energy Fuels (TSE:EFR) Stock Price Down 6.7% - Here's What Happened

Key Points

• Energy Fuels Inc. shares fell by 6.7% on Tuesday, closing at C$13.27, following a trading volume drop of 37% from its average daily volume.
• Analyst ratings for Energy Fuels have varied, with Canaccord Genuity upgrading it to a strong-buy, while Roth Capital downgraded it to a hold.
• Energy Fuels is recognized as the largest uranium producer in the U.S., holding significant production capacity and resources.

Energy Fuels Inc. (TSE:EFR - Get Free Report) NASDAQ: UUUU shares fell 6.7% during trading on Tuesday . The stock traded as low as C$13.26 and last traded at C$13.27. 551,904 shares were traded during mid-day trading, a decline of 37% from the average session volume of 871,152 shares. The stock had previously closed at C$14.23.

Analysts Set New Price Targets

Several research firms have commented on EFR. B. Riley upgraded Energy Fuels to a "strong-buy" rating in a report on Tuesday, July 22nd. Canaccord Genuity Group upgraded Energy Fuels from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, July 2nd. Finally, Roth Capital cut Energy Fuels from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Energy Fuels Stock Up 12.0%

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 market cap of C$2.04 billion, a PE ratio of -48.58 and a beta of 1.54. The stock has a fifty day moving average price of C$10.89 and a 200-day moving average price of C$7.93.

Insiders Place Their Bets

In other Energy Fuels news, Senior Officer Timothy James Carstens sold 210,612 shares of the company's stock in a transaction that occurred 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 company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$7.77, for a total value of C$27,847.92. Insiders sold a total of 218,597 shares of company stock worth $1,633,475 in the last 90 days. 2.03% of the stock is owned by company 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.