Energy Fuels (TSE:EFR) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU)’s share price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$18.49 and traded as low as C$15.54. Energy Fuels shares last traded at C$15.61, with a volume of 974,702 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on EFR. Roth Capital raised Energy Fuels from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. BMO Capital Markets upgraded Energy Fuels to a “strong-buy” rating in a research report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Energy Fuels Stock Performance

The company has a market capitalization of C$4.16 billion, a PE ratio of -47.67 and a beta of 1.60. The business’s 50-day moving average is C$18.46 and its 200-day moving average is C$22.11. The company has a debt-to-equity ratio of 85.50, a quick ratio of 19.23 and a current ratio of 27.90.

Insider Activity

In other Energy Fuels news, insider Ross Randolph Bhappu bought 74,000 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of C$17.94 per share, for a total transaction of C$1,327,560.00. Following the completion of the acquisition, the insider owned 74,000 shares of the company’s stock, valued at approximately C$1,327,560. This trade represents a ∞ increase in their ownership of the stock. Insiders own 2.03% of the company’s stock.

Energy Fuels Company Profile

Energy Fuels is a leading U.S. -based critical materials company, focused on uranium, rare earth elements (REEs), heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States.