Energy Fuels (TSE:EFR) Shares Cross Below Fifty Day Moving Average – What’s Next?

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$26.59 and traded as low as C$24.00. Energy Fuels shares last traded at C$24.10, with a volume of 574,594 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Energy Fuels to a “strong-buy” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Energy Fuels presently has an average rating of “Strong Buy”.

Energy Fuels Price Performance

The firm has a market cap of C$6.02 billion, a price-to-earnings ratio of -83.10 and a beta of 1.24. The company has a debt-to-equity ratio of 93.56, a quick ratio of 19.23 and a current ratio of 27.51. The business has a 50 day simple moving average of C$26.59 and a 200-day simple moving average of C$26.00.

Energy Fuels (TSE:EFR) (NASDAQ:UUUU) last released its quarterly earnings results on Wednesday, May 6th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$49.83 million for the quarter. Energy Fuels had a negative net margin of 82.70% and a negative return on equity of 10.23%. Equities research analysts expect that Energy Fuels Inc. will post 0.19 earnings per share for the current year.

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.