
Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 9.9% Following Insider Selling

Energy Fuels Inc's (NYSEAMERICAN:UUUU) share price fell 9.9% following insider selling by EVP Timothy James Carstens, who sold 59,594 shares. The stock traded as low as $14.24, with a significant decline in trading volume. Analysts have mixed ratings on the stock, with a Moderate Buy consensus and an average target price of $13.25. Institutional investors have been active in trading the stock. Energy Fuels engages in uranium extraction and other mineral activities in the U.S.
Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price fell 9.9% on Friday following insider selling activity. The stock traded as low as $14.24 and last traded at $14.26. 4,323,432 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 13,525,850 shares. The stock had previously closed at $15.82.
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Specifically, EVP Timothy James Carstens sold 59,594 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $14.93, for a total transaction of $889,738.42. Following the transaction, the executive vice president owned 107,435 shares in the company, valued at $1,604,004.55. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Wall Street Analyst Weigh In
Several research analysts have issued reports on UUUU shares. 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. Roth Capital downgraded shares of Energy Fuels from a "neutral" rating to a "sell" rating and lifted their price objective for the stock from $7.25 to $11.50 in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Energy Fuels has an average rating of "Moderate Buy" and an average target price of $13.25.
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Get Our Latest Stock Report on Energy Fuels
Energy Fuels Stock Down 9.8%
The company has a market capitalization of $3.29 billion, a PE ratio of -29.12 and a beta of 1.68. The firm has a 50-day moving average of $17.58 and a two-hundred day moving average of $12.17.
Institutional Trading of Energy Fuels
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Several institutional investors have recently bought and sold shares of UUUU. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Energy Fuels by 26.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,071 shares of the company's stock worth $411,000 after buying an additional 22,916 shares during the last quarter. CenterBook Partners LP acquired a new position in Energy Fuels in the 2nd quarter valued at $6,037,000. Vident Advisory LLC lifted its holdings in Energy Fuels by 22.8% in the 1st quarter. Vident Advisory LLC now owns 2,068,860 shares of the company's stock valued at $7,717,000 after purchasing an additional 384,257 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Energy Fuels during the 2nd quarter worth $114,000. Finally, Caitlin John LLC purchased a new stake in shares of Energy Fuels during the second quarter worth $124,000. 48.24% of the stock is owned by institutional investors and hedge funds.
About Energy Fuels
(Get Free Report)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.
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