Energy Fuels (NYSE:UUUU) Shares Gap Up – Should You Buy?

Energy Fuels Inc. (NYSE:UUUU)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.25, but opened at $5.45. Energy Fuels shares last traded at $5.30, with a volume of 1,423,151 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on UUUU. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price target on shares of Energy Fuels in a report on Wednesday, December 11th. Roth Mkm dropped their price target on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Monday, November 4th.

Energy Fuels Stock Down 4.9 %

The business’s fifty day moving average price is $5.70 and its 200 day moving average price is $5.60. The firm has a market capitalization of $1.01 billion, a PE ratio of -23.05 and a beta of 1.68.

Insiders Place Their Bets

In related news, Director Alex G. Morrison sold 17,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $5.72, for a total value of $100,100.00. Following the transaction, the director now directly owns 165,528 shares of the company’s stock, valued at approximately $946,820.16. This trade represents a 9.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Lyle Higgs sold 18,615 shares of Energy Fuels stock in a transaction on 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 $2,106,981.06. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,115 shares of company stock valued at $289,086 in the last quarter. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Energy Fuels in the second quarter valued at approximately $415,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Energy Fuels by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 271,477 shares of the company’s stock valued at $1,643,000 after acquiring an additional 4,843 shares in the last quarter. SG Americas Securities LLC boosted its position in Energy Fuels by 440.9% during the 3rd quarter. SG Americas Securities LLC now owns 187,456 shares of the company’s stock worth $1,029,000 after purchasing an additional 152,799 shares during the period. Creative Planning acquired a new stake in Energy Fuels in the 3rd quarter valued at $57,000. Finally, Vontobel Holding Ltd. raised its position in Energy Fuels by 12.4% in the third quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock valued at $187,000 after purchasing an additional 3,752 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

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.