Energy Fuels (TSE:EFR) Shares Pass Below 50 Day Moving Average – Time to Sell?

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$26.55 and traded as low as C$24.67. Energy Fuels shares last traded at C$25.31, with a volume of 435,088 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Energy Fuels to a “strong-buy” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Energy Fuels Stock Performance

The company’s 50-day simple moving average is C$26.55 and its 200 day simple moving average is C$25.87. The company has a current ratio of 27.51, a quick ratio of 19.23 and a debt-to-equity ratio of 93.56. The stock has a market cap of C$6.32 billion, a P/E ratio of -87.28 and a beta of 1.10.

Energy Fuels (TSE:EFR) (NASDAQ:UUUU) last posted its earnings results on Wednesday, May 6th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$49.83 million for the quarter. Energy Fuels had a negative return on equity of 10.23% and a negative net margin of 82.70%. As a group, sell-side analysts expect that Energy Fuels Inc. will post 0.19 EPS for the current fiscal year.

Energy Fuels Company Profile

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.