Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 9.9% After Insider Selling

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price dropped 9.9% on Friday following insider selling activity. The stock traded as low as $14.24 and last traded at $14.26. Approximately 4,323,432 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 13,525,850 shares. The stock had previously closed at $15.82.

Specifically, EVP Timothy James Carstens sold 59,594 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $14.93, for a total transaction of $889,738.42. Following the completion of the transaction, the executive vice president owned 107,435 shares of the company’s stock, valued at $1,604,004.55. This represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

UUUU has been the topic of several research analyst reports. HC Wainwright reduced their price objective on Energy Fuels to $26.75 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Roth Capital lowered shares of Energy Fuels from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $7.25 to $11.50 in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Energy Fuels Trading Down 7.9%

The company has a 50-day moving average of $17.54 and a 200-day moving average of $12.28. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -29.73 and a beta of 1.68.

Institutional Investors Weigh In On Energy Fuels

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

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.