Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Time to Buy?

Energy Fuels Inc. (NYSEAMERICAN:UUUU) gapped up prior to trading on Friday . The stock had previously closed at $5.37, but opened at $5.58. Energy Fuels shares last traded at $5.32, with a volume of 2,713,952 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UUUU shares. Roth Mkm raised Energy Fuels from a “neutral” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Friday, February 28th. Roth Capital set a $5.75 price objective on Energy Fuels in a report on Friday, February 28th. Finally, HC Wainwright decreased their price objective on Energy Fuels from $10.75 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 9th.

Energy Fuels Trading Up 4.7%

The business has a 50-day moving average price of $4.74 and a two-hundred day moving average price of $5.16. The stock has a market capitalization of $1.12 billion, a P/E ratio of -25.55 and a beta of 1.68.

Insider Activity

In related news, VP Timothy James Carstens sold 210,612 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the completion of the sale, the vice president now directly owns 517,029 shares in the company, valued at $2,817,808.05. This represents a 28.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce D. Hansen acquired 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $4.25 per share, with a total value of $25,500.00. Following the completion of the transaction, the director now owns 295,239 shares in the company, valued at $1,254,765.75. The trade was a 2.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 218,597 shares of company stock worth $1,192,142. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Energy Fuels by 1.6% in the fourth quarter. HighTower Advisors LLC now owns 128,011 shares of the company’s stock valued at $657,000 after buying an additional 2,010 shares during the period. Swiss National Bank increased its stake in shares of Energy Fuels by 0.6% in the fourth quarter. Swiss National Bank now owns 364,800 shares of the company’s stock valued at $1,875,000 after buying an additional 2,200 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Energy Fuels by 65.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company’s stock valued at $32,000 after buying an additional 2,442 shares during the period. TAP Consulting LLC increased its stake in shares of Energy Fuels by 25.0% in the fourth quarter. TAP Consulting LLC now owns 12,500 shares of the company’s stock valued at $64,000 after buying an additional 2,500 shares during the period. Finally, Ausdal Financial Partners Inc. increased its stake in shares of Energy Fuels by 17.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 16,443 shares of the company’s stock valued at $84,000 after buying an additional 2,501 shares during the period. 48.24% of the stock is currently owned by 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.