Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 36.5%

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) traded down 36.5% during mid-day trading on Friday . The stock traded as low as $1.90 and last traded at $1.93, 20,405,818 shares traded hands during mid-day trading. An increase of 1,735% from the average session volume of 1,111,792 shares. The stock had previously closed at $3.04.

Several analysts have recently issued reports on the stock. HC Wainwright upped their target price on shares of Palatin Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Finally, Noble Financial set a $4.00 target price on shares of Salem Media Group and gave the stock a “buy” rating in a research note on Monday, May 13th.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The company had revenue of $1.67 million for the quarter, compared to the consensus estimate of $11.91 million.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP bought a new position in Energy Fuels during the fourth quarter valued at about $29,000. Osborn Williams & Donohoe LLC bought a new position in Energy Fuels during the first quarter valued at about $33,000. SG Americas Securities LLC bought a new position in Energy Fuels during the first quarter valued at about $50,000. BNP Paribas Arbitrage SA grew its position in Energy Fuels by 293.0% during the first quarter. BNP Paribas Arbitrage SA now owns 17,696 shares of the basic materials company’s stock valued at $59,000 after buying an additional 13,193 shares during the period. Finally, PFG Advisors bought a new position in Energy Fuels during the fourth quarter valued at about $66,000.

Energy Fuels Company Profile (NYSEAMERICAN:UUUU)

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.

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