Energy Fuels (NYSE:UUUU) Shares Gap Up – Still a Buy?

Energy Fuels Inc. (NYSE:UUUU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.25, but opened at $5.45. Energy Fuels shares last traded at $5.30, with a volume of 1,423,151 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Roth Mkm lowered their price objective on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Monday, November 4th. HC Wainwright reiterated a “buy” rating and issued a $11.00 price objective on shares of Energy Fuels in a research note on Wednesday, December 11th.

Energy Fuels Trading Up 2.4 %

The company has a market capitalization of $1.07 billion, a P/E ratio of -24.34 and a beta of 1.68. The stock has a 50 day moving average of $5.76 and a 200-day moving average of $5.61.

Insider Buying and Selling

In related news, Director Alex G. Morrison sold 17,500 shares of the firm’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 completion of the sale, the director now directly owns 165,528 shares in the company, valued at $946,820.16. This trade represents a 9.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.44, for a total transaction of $54,400.00. Following the transaction, the director now owns 178,380 shares in the company, valued at $970,387.20. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,115 shares of company stock worth $289,086. Insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

Several institutional investors have recently made changes to their positions in the company. AlphaMark Advisors LLC bought a new position in Energy Fuels during the 4th quarter worth about $25,000. Eastern Bank purchased a new stake in shares of Energy Fuels in the 3rd quarter worth approximately $27,000. Signaturefd LLC increased its position in shares of Energy Fuels by 261.7% during the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock worth $33,000 after purchasing an additional 4,321 shares in the last quarter. Wealthspan Partners LLC acquired a new stake in shares of Energy Fuels in the 4th quarter worth $51,000. Finally, Accel Wealth Management purchased a new position in Energy Fuels during the 4th quarter worth $52,000. 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.