Investors Purchase High Volume of Call Options on Energy Fuels (NYSEAMERICAN:UUUU)

Key Points

• Traders purchased 28,626 call options for Energy Fuels Inc (NYSEAMERICAN:UUUU), marking a 70% increase over the typical volume of 16,851 call options.
• The stock price rose slightly to $10.02, with a twelve-month trading range between $3.20 and $10.41.
• Institutional investors hold 48.24% of the company's stock, with notable increases in stakes from firms like CWM LLC and Robertson Stephens Wealth Management LLC.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) saw some unusual options trading activity on Monday. Stock traders bought 28,626 call options on the company. Thisrepresentsanincreaseofapproximately70% compared to the typical volume of 16,851 call options.

Insider Buying and Selling

In other Energy Fuels news, VP Timothy James Carstens sold 210,612 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total value of $1,147,835.40. Following the completion of the sale, the vice president directly owned 517,029 shares in the company, valued at $2,817,808.05. This represents a 28.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 218,597 shares of company stock valued at $1,192,142. 1.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Energy Fuels

A number of hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Energy Fuels by 19,230.8% during the 2nd quarter. Bessemer Group Inc. now owns 7,539 shares of the company's stock worth $43,000 after purchasing an additional 7,500 shares during the period. Brookwood Investment Group LLC increased its position in Energy Fuels by 53.4% during the second quarter. Brookwood Investment Group LLC now owns 28,591 shares of the company's stock worth $164,000 after purchasing an additional 9,950 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Energy Fuels by 3.0% in the 2nd quarter. D.A. Davidson & CO. now owns 50,590 shares of the company's stock valued at $291,000 after purchasing an additional 1,493 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Energy Fuels by 30.4% in the 2nd quarter. Koshinski Asset Management Inc. now owns 34,292 shares of the company's stock valued at $197,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Stanley Laman Group Ltd. grew its stake in shares of Energy Fuels by 1.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 714,322 shares of the company's stock valued at $4,107,000 after buying an additional 11,362 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Energy Fuels Trading Down 2.6%

Shares of UUUU stock traded down $0.24 during mid-day trading on Friday, reaching $8.85. The stock had a trading volume of 14,055,333 shares, compared to its average volume of 9,866,860. Energy Fuels has a 12-month low of $3.20 and a 12-month high of $10.41. The company has a market cap of $1.76 billion, a P/E ratio of -20.58 and a beta of 1.68. The business has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $5.37.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UUUU shares. Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a research note on Friday, July 11th. B. Riley began coverage on Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 target price for the company. Finally, HC Wainwright cut their price target on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a research note on Friday, May 9th.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.