Stock Traders Buy Large Volume of Call Options on Energy Fuels (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) saw unusually large options trading on Monday. Stock investors bought 39,181 call options on the company. This is an increase of approximately 716% compared to the average daily volume of 4,800 call options.

Energy Fuels Price Performance

Shares of Energy Fuels stock opened at $7.29 on Tuesday. The stock has a market capitalization of $1.42 billion, a P/E ratio of -33.18 and a beta of 1.60. The business has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.72. Energy Fuels has a 12 month low of $4.19 and a 12 month high of $8.68.

Energy Fuels (NYSE:UUUU) last issued its earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The business had revenue of $4.05 million during the quarter, compared to analyst estimates of $5.10 million. Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. As a group, research analysts anticipate that Energy Fuels will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UUUU. Van ECK Associates Corp increased its stake in Energy Fuels by 84.8% during the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock worth $12,961,000 after acquiring an additional 1,083,480 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Energy Fuels by 233.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock worth $4,966,000 after purchasing an additional 632,713 shares during the last quarter. Lloyd Harbor Capital Management LLC purchased a new stake in Energy Fuels in the 2nd quarter valued at about $2,787,000. Vident Advisory LLC raised its holdings in Energy Fuels by 30.8% in the 1st quarter. Vident Advisory LLC now owns 1,507,537 shares of the company’s stock valued at $9,482,000 after buying an additional 355,242 shares during the period. Finally, Stanley Laman Group Ltd. lifted its position in Energy Fuels by 65.2% in the third quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company’s stock valued at $4,313,000 after buying an additional 309,958 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UUUU. HC Wainwright increased their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Roth Mkm reduced their price objective on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 4th.

About Energy Fuels

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.