Energy Fuels (TSE:EFR) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$29.01 and traded as low as C$24.00. Energy Fuels shares last traded at C$24.42, with a volume of 656,831 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group upgraded Energy Fuels to a “strong-buy” rating in a research note on Tuesday, February 10th. Roth Mkm upgraded Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Energy Fuels presently has a consensus rating of “Strong Buy”.

Energy Fuels Stock Performance

The company has a debt-to-equity ratio of 99.60, a quick ratio of 19.23 and a current ratio of 30.69. The company has a market cap of C$5.90 billion, a P/E ratio of -64.26 and a beta of 0.98. The stock’s fifty day moving average price is C$29.01 and its two-hundred day moving average price is C$25.28.

Energy Fuels (TSE:EFR) (NASDAQ:UUUU) last announced its quarterly earnings data on Friday, February 27th. The company reported C($0.12) earnings per share (EPS) for the quarter. Energy Fuels had a negative net margin of 129.90% and a negative return on equity of 13.16%. The firm had revenue of C$36.43 million during the quarter. As a group, equities analysts predict that Energy Fuels Inc. will post 0.19 earnings per share for the current year.

About Energy Fuels

Energy Fuels is a leading U.S. -based critical materials company, focused on uranium, rare earth elements (REEs), heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States.