Energy Fuels (TSE:EFR) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$18.87 and traded as high as C$19.55. Energy Fuels shares last traded at C$18.85, with a volume of 775,794 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets upgraded Energy Fuels to a “strong-buy” rating in a research report on Friday, August 14th. Roth Capital upgraded shares of Energy Fuels from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Energy Fuels Trading Down 4.6%

The company has a debt-to-equity ratio of 85.50, a quick ratio of 19.23 and a current ratio of 27.90. The stock’s fifty day moving average is C$18.83 and its 200 day moving average is C$23.22. The stock has a market cap of C$4.76 billion, a P/E ratio of -54.48 and a beta of 1.60.

Insider Activity

In related news, insider Ross Randolph Bhappu bought 74,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of C$17.94 per share, for a total transaction of C$1,327,560.00. Following the acquisition, the insider owned 74,000 shares in the company, valued at C$1,327,560. This trade represents a ∞ increase in their ownership of the stock. 2.03% of the stock is owned by insiders.

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.