Energy Fuels (NYSE:UUUU) Trading Down 3.5% - Here's Why

Energy Fuels Inc. (NYSE:UUUU - Get Free Report) was down 3.5% during mid-day trading on Friday . The company traded as low as $5.65 and last traded at $5.68. Approximately 1,706,711 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 5,162,472 shares. The stock had previously closed at $5.88.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UUUU. Roth Mkm lowered their target price on shares of Energy Fuels from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Monday, November 4th. HC Wainwright reaffirmed a "buy" rating and issued a $11.00 price objective on shares of Energy Fuels in a report on Wednesday, December 11th.

Energy Fuels Trading Down 2.9 %

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -25.95 and a beta of 1.71. The firm's 50-day moving average price is $5.96 and its 200 day moving average price is $5.65.

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

Insider Buying and Selling at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 18,615 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 directly owns 291,422 shares in the company, valued at approximately $2,106,981.06. This represents a 6.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alex G. Morrison sold 17,500 shares of the business's 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 sale, the director now owns 165,528 shares in the company, valued at $946,820.16. This represents a 9.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.92% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Energy Fuels by 84.8% during the 3rd quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company's stock worth $12,961,000 after buying an additional 1,083,480 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Energy Fuels by 233.1% during the third quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company's stock worth $4,966,000 after buying an additional 632,713 shares during the period. Lloyd Harbor Capital Management LLC bought a new position in Energy Fuels during the second quarter worth $2,787,000. Stanley Laman Group Ltd. lifted its holdings in Energy Fuels by 65.2% in the third quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company's stock valued at $4,313,000 after buying an additional 309,958 shares during the period. Finally, Geode Capital Management LLC boosted its position 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 valued at $12,731,000 after acquiring an additional 285,680 shares during the last quarter. Institutional investors own 48.24% of the company's stock.

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.