Energy Fuels (UUUU) Sees Strong Trading Volume

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) shares saw an uptick in trading volume on Monday . 1,091,365 shares were traded during mid-day trading, an increase of 300% from the previous session’s volume of 272,846 shares.The stock last traded at $2.09 and had previously closed at $2.04.

Several brokerages have recently issued reports on UUUU. Zacks Investment Research cut Energy Fuels from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Roth Capital reiterated a “buy” rating on shares of Energy Fuels in a research note on Sunday, March 18th. Finally, HC Wainwright set a $5.00 price objective on Energy Fuels and gave the company a “buy” rating in a research note on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.25.

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Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last posted its quarterly earnings results on Thursday, May 3rd. The basic materials company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). The business had revenue of $1.25 million during the quarter, compared to the consensus estimate of $6.61 million.

In other Energy Fuels news, Director Dennis Lyle Higgs sold 30,000 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $2.04, for a total value of $61,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Howell White III sold 17,131 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $1.55, for a total value of $26,553.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,707 shares of company stock worth $158,774.

An institutional investor recently raised its position in Energy Fuels stock. Global X Management Co. LLC grew its position in shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,241,195 shares of the basic materials company’s stock after purchasing an additional 94,026 shares during the quarter. Global X Management Co. LLC owned approximately 12.16% of Energy Fuels worth $15,554,000 as of its most recent filing with the SEC.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.

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