Energy Fuels (TSE:EFR) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU)’s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$18.36 and traded as low as C$15.71. Energy Fuels shares last traded at C$15.97, with a volume of 1,035,847 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on EFR. Roth Capital upgraded shares of Energy Fuels from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. BMO Capital Markets raised shares of Energy Fuels to a “strong-buy” rating in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Energy Fuels Stock Down 3.6%

The company has a market capitalization of C$3.74 billion, a PE ratio of -42.79 and a beta of 2.15. The stock’s fifty day moving average is C$18.35 and its two-hundred day moving average is C$21.67. The company has a current ratio of 27.90, a quick ratio of 19.23 and a debt-to-equity ratio of 85.50.

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.