Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 9.6% Following Insider Selling

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price traded down 9.6% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $13.97 and last traded at $14.00. 9,243,681 shares were traded during trading, a decline of 33% from the average session volume of 13,762,712 shares. The stock had previously closed at $15.49.

Specifically, VP Curtis Moore sold 25,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $15.58, for a total transaction of $389,500.00. Following the completion of the transaction, the vice president owned 119,193 shares in the company, valued at $1,857,026.94. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alex G. Morrison sold 38,739 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $15.20, for a total transaction of $588,832.80. Following the completion of the sale, the director directly owned 149,747 shares in the company, valued at approximately $2,276,154.40. This trade represents a 20.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, Director Dennis Lyle Higgs sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $15.26, for a total value of $228,900.00. Following the completion of the transaction, the director directly owned 192,964 shares of the company’s stock, valued at approximately $2,944,630.64. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

A number of brokerages have issued reports on UUUU. B. Riley initiated coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They set a “buy” rating and a $9.00 target price on the stock. HC Wainwright reduced their price target on Energy Fuels to $26.75 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Finally, Roth Capital cut Energy Fuels from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $7.25 to $11.50 in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Energy Fuels Stock Performance

The stock has a market capitalization of $3.19 billion, a PE ratio of -28.24 and a beta of 1.79. The business’s 50-day moving average price is $17.72 and its 200 day moving average price is $11.09.

Institutional Trading of Energy Fuels

Several institutional investors and hedge funds have recently modified their holdings of UUUU. Farther Finance Advisors LLC boosted its position in shares of Energy Fuels by 3,820.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock valued at $26,000 after acquiring an additional 1,643 shares during the last quarter. ORG Partners LLC raised its stake in Energy Fuels by 111.4% in the third quarter. ORG Partners LLC now owns 2,410 shares of the company’s stock valued at $40,000 after purchasing an additional 1,270 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Energy Fuels during the third quarter valued at approximately $40,000. US Bancorp DE grew its stake in Energy Fuels by 2,100.6% in the 3rd quarter. US Bancorp DE now owns 3,653 shares of the company’s stock worth $56,000 after buying an additional 3,487 shares in the last quarter. Finally, Strs Ohio purchased a new position in Energy Fuels in the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

About Energy Fuels

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.