Energy Fuels (TSE:EFR) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$19.16 and traded as high as C$22.42. Energy Fuels shares last traded at C$22.09, with a volume of 1,272,316 shares changing hands.

Wall Street Analyst Weigh In

EFR has been the subject of a number of recent research reports. Roth Capital upgraded Energy Fuels from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. BMO Capital Markets upgraded Energy Fuels to a “strong-buy” rating in a report on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Energy Fuels Trading Up 0.2%

The company has a current ratio of 27.90, a quick ratio of 19.23 and a debt-to-equity ratio of 85.50. The stock has a market cap of C$5.45 billion, a price-to-earnings ratio of -66.06 and a beta of 1.28. The company has a fifty day simple moving average of C$19.16 and a 200-day simple moving average of C$23.97.

Insider Activity at Energy Fuels

In other news, insider Ross Randolph Bhappu purchased 74,000 shares of Energy Fuels stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of C$17.94 per share, for a total transaction of C$1,327,560.00. Following the transaction, the insider owned 74,000 shares in the company, valued at C$1,327,560. The trade was a ∞ increase in their ownership of the stock. Company 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.