Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 6.2% – Here’s Why

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) traded up 6.2% on Monday . The company traded as high as $16.00 and last traded at $15.55. 3,498,084 shares changed hands during trading, a decline of 74% from the average session volume of 13,270,871 shares. The stock had previously closed at $14.64.

Analysts Set New Price Targets

UUUU has been the subject of a number of research reports. Roth Capital cut Energy Fuels from a “neutral” rating to a “sell” rating and raised their price objective for the company from $7.25 to $11.50 in a research note on Wednesday, November 5th. HC Wainwright reduced their price target on shares of Energy Fuels to $26.75 and set a “buy” rating for the company in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Energy Fuels Trading Up 4.2%

The stock has a market capitalization of $3.62 billion, a P/E ratio of -31.12 and a beta of 1.69. The business has a fifty day simple moving average of $16.25 and a 200 day simple moving average of $12.98.

Insiders Place Their Bets

In other news, Director Dennis Lyle Higgs sold 10,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.39, for a total value of $143,900.00. Following the completion of the sale, the director owned 167,964 shares in the company, valued at $2,417,001.96. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Curtis Moore sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $15.58, for a total transaction of $389,500.00. Following the transaction, the vice president directly owned 119,193 shares in the company, valued at $1,857,026.94. The trade was a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 463,119 shares of company stock worth $6,935,437 in the last three months. 1.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Fuels

Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of Energy Fuels during the 3rd quarter worth approximately $620,000. Tudor Investment Corp ET AL purchased a new stake in shares of Energy Fuels during the third quarter valued at approximately $4,144,000. Swiss Life Asset Management Ltd bought a new stake in Energy Fuels during the third quarter worth $170,000. CIBC Bancorp USA Inc. bought a new stake in Energy Fuels during the third quarter worth $351,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Energy Fuels by 1,479.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 19,873 shares of the company’s stock worth $305,000 after purchasing an additional 18,615 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Energy Fuels Company Profile

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.