Energy Fuels (TSE:EFR) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$18.94 and traded as high as C$20.39. Energy Fuels shares last traded at C$19.78, with a volume of 582,641 shares changing hands.

Wall Street Analyst Weigh In

EFR has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Energy Fuels to a “strong-buy” rating in a research report on Friday, August 14th. Roth Capital raised shares of Energy Fuels from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Energy Fuels Stock Performance

The company has a quick ratio of 19.23, a current ratio of 27.90 and a debt-to-equity ratio of 85.50. The stock has a market cap of C$5.30 billion, a price-to-earnings ratio of -60.70 and a beta of 1.60. The stock’s fifty day moving average is C$18.93 and its 200-day moving average is C$23.57.

Insider Buying and Selling

In related news, insider Ross Randolph Bhappu acquired 74,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of C$17.94 per share, with a total value of C$1,327,560.00. Following the transaction, the insider owned 74,000 shares of the company’s stock, valued at C$1,327,560. The trade was a ? increase in their position. Corporate insiders own 2.03% of the company’s stock.

About Energy Fuels

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.