Canaccord Genuity Group Upgrades Energy Fuels (TSE:EFR) to Strong-Buy

Canaccord Genuity Group upgraded shares of Energy Fuels (TSE:EFR) (NASDAQ:UUUU) from a moderate buy rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Energy Fuels Price Performance

Shares of EFR stock opened at C$8.24 on Wednesday. Energy Fuels has a 1-year low of C$4.59 and a 1-year high of C$10.44. The stock’s 50-day moving average is C$7.14 and its 200 day moving average is C$6.86. The company has a market cap of C$1.15 billion, a P/E ratio of -27.36 and a beta of 1.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 18.01 and a quick ratio of 19.23.

Insiders Place Their Bets

In other news, Senior Officer Dee Ann Nazarenus sold 3,585 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$7.77, for a total value of C$27,847.92. Also, Director Ivy Virginia Estabrooke sold 4,400 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$7.52, for a total value of C$33,092.40. Over the last 90 days, insiders sold 218,597 shares of company stock valued at $1,633,475. 2.03% of the stock is currently owned by corporate insiders.

About Energy Fuels

Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado Energy Fuels holds three of Americas key uranium production centers: the White Mesa Mill in Utah the Nichols Ranch ISR Facility in Wyoming and the Alta Mesa ISR Facility in Texas.