Energy Fuels (UUUU) Sees Strong Trading Volume

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) shares saw unusually-high trading volume on Wednesday . Approximately 4,047,385 shares were traded during mid-day trading, an increase of 837% from the previous session’s volume of 432,162 shares.The stock last traded at $2.06 and had previously closed at $1.97.

UUUU has been the topic of several recent analyst reports. HC Wainwright set a $5.00 target price on shares of Energy Fuels and gave the company a “buy” rating in a report on Tuesday, March 13th. Roth Capital restated a “buy” rating on shares of Energy Fuels in a report on Sunday, March 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Energy Fuels currently has an average rating of “Hold” and a consensus target price of $3.25.

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

In other news, Director Dennis Lyle Higgs sold 30,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $2.04, for a total transaction of $61,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 262,976 shares of company stock worth $536,741 in the last quarter.

A hedge fund recently raised its stake in Energy Fuels stock. Global X Management Co. LLC lifted its holdings in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,241,195 shares of the basic materials company’s stock after acquiring an additional 94,026 shares during the period. Global X Management Co. LLC owned approximately 12.16% of Energy Fuels worth $15,554,000 at the end of the most recent reporting period.

About Energy Fuels

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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