Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Here’s Why

Energy Fuels Inc. (NYSEAMERICAN:UUUU)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $4.13, but opened at $4.22. Energy Fuels shares last traded at $4.12, with a volume of 1,043,852 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Roth Capital set a $5.75 target price on Energy Fuels in a report on Friday, February 28th. HC Wainwright decreased their price objective on Energy Fuels from $11.00 to $10.75 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Roth Mkm raised shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $5.75 target price for the company in a report on Friday, February 28th.

Energy Fuels Trading Up 0.5 %

The company has a market capitalization of $824.56 million, a PE ratio of -18.86 and a beta of 1.68. The firm’s 50-day simple moving average is $4.99 and its 200-day simple moving average is $5.52.

Insider Buying and Selling

In other news, Director Bruce D. Hansen acquired 6,000 shares of Energy Fuels stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $4.25 per share, for a total transaction of $25,500.00. Following the completion of the purchase, the director now directly owns 295,239 shares in the company, valued at $1,254,765.75. This trade represents a 2.07 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel Kapostasy sold 12,350 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $4.10, for a total transaction of $50,635.00. Following the transaction, the vice president now owns 57,705 shares of the company’s stock, valued at $236,590.50. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,350 shares of company stock worth $146,535 in the last three months. 1.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Fuels

A number of large investors have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC purchased a new position in shares of Energy Fuels in the fourth quarter valued at approximately $25,000. Sterling Capital Management LLC raised its position in shares of Energy Fuels by 793.4% in the fourth quarter. Sterling Capital Management LLC now owns 5,923 shares of the company’s stock valued at $30,000 after buying an additional 5,260 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Energy Fuels by 65.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,159 shares of the company’s stock worth $32,000 after purchasing an additional 2,442 shares in the last quarter. Lionstone Capital Management LLC purchased a new stake in shares of Energy Fuels in the fourth quarter valued at approximately $35,000. Finally, Signaturefd LLC increased its holdings in shares of Energy Fuels by 48.5% in the fourth quarter. Signaturefd LLC now owns 8,870 shares of the company’s stock valued at $46,000 after purchasing an additional 2,898 shares during the last quarter. 48.24% of the stock is currently 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.