Energy Fuels (NYSE:UUUU) Trading 5.1% Higher – Here’s Why

Energy Fuels Inc. (NYSE:UUUU) traded up 5.1% during trading on Wednesday . The company traded as high as $5.55 and last traded at $5.54. 1,515,654 shares were traded during trading, a decline of 71% from the average session volume of 5,248,294 shares. The stock had previously closed at $5.27.

Analyst Upgrades and Downgrades

UUUU has been the subject of several recent analyst reports. HC Wainwright reissued a “buy” rating and set a $11.00 price objective on shares of Energy Fuels in a report on Wednesday, December 11th. Roth Mkm decreased their price target on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 4th.

Energy Fuels Price Performance

The business’s fifty day simple moving average is $5.88 and its 200 day simple moving average is $5.63. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -25.34 and a beta of 1.71.

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. As a group, equities analysts forecast that Energy Fuels Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, Director Dennis Lyle Higgs sold 18,615 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total value of $134,586.45. Following the completion of the transaction, the director now owns 291,422 shares in the company, valued at approximately $2,106,981.06. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alex G. Morrison sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $5.72, for a total transaction of $100,100.00. Following the completion of the sale, the director now owns 165,528 shares in the company, valued at $946,820.16. The trade was a 9.56 % decrease in their position. The disclosure for this sale can be found here. 1.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Energy Fuels by 217.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 223,061 shares of the company’s stock valued at $1,225,000 after buying an additional 152,751 shares during the period. Barclays PLC boosted its holdings in shares of Energy Fuels by 126.6% in the third quarter. Barclays PLC now owns 412,137 shares of the company’s stock valued at $2,262,000 after acquiring an additional 230,259 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of Energy Fuels by 8.8% during the third quarter. Bridgewater Associates LP now owns 1,656,516 shares of the company’s stock valued at $9,094,000 after acquiring an additional 134,531 shares during the period. Geode Capital Management LLC raised its holdings in Energy Fuels by 14.1% during the third quarter. Geode Capital Management LLC now owns 2,318,522 shares of the company’s stock worth $12,731,000 after purchasing an additional 285,680 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Energy Fuels by 233.1% in the third quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock worth $4,966,000 after purchasing an additional 632,713 shares during the period. 48.24% of the stock is owned by institutional investors.

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.