Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 5.6% – Here’s Why

Energy Fuels Inc. (NYSEAMERICAN:UUUU) rose 5.6% on Monday . The company traded as high as $4.40 and last traded at $4.36. Approximately 840,201 shares changed hands during trading, a decline of 89% from the average daily volume of 7,950,492 shares. The stock had previously closed at $4.13.

Wall Street Analyst Weigh In

UUUU has been the topic of a number of research analyst reports. HC Wainwright lowered their price target on Energy Fuels from $11.00 to $10.75 and set a “buy” rating on the stock in a report on Friday, February 28th. Roth Mkm upgraded shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Friday, February 28th. Finally, Roth Capital set a $5.75 price target on shares of Energy Fuels in a research note on Friday, February 28th.

Energy Fuels Price Performance

The company has a market cap of $844.43 million, a PE ratio of -19.32 and a beta of 1.68. The business has a 50-day moving average of $5.12 and a 200 day moving average of $5.53.

Insider Buying and Selling

In other news, VP Daniel Kapostasy sold 12,350 shares of Energy Fuels stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $4.10, for a total transaction of $50,635.00. Following the transaction, the vice president now directly owns 57,705 shares of the company’s stock, valued at $236,590.50. The trade was a 17.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $5.44, for a total transaction of $54,400.00. Following the sale, the director now owns 178,380 shares in the company, valued at approximately $970,387.20. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,350 shares of company stock valued at $146,535. 1.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of Energy Fuels by 104.9% during the fourth quarter. Van ECK Associates Corp now owns 4,838,420 shares of the company’s stock valued at $24,823,000 after purchasing an additional 2,477,539 shares in the last quarter. Vanguard Group Inc. grew its holdings in Energy Fuels by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company’s stock valued at $38,316,000 after buying an additional 1,164,973 shares in the last quarter. Focus Partners Wealth bought a new stake in Energy Fuels in the 4th quarter worth approximately $5,467,000. Summit Financial LLC purchased a new stake in shares of Energy Fuels during the 4th quarter worth approximately $4,840,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Energy Fuels by 233.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock valued at $4,966,000 after acquiring an additional 632,713 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other 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.