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Daniel Kapostasy, Vice President of Technical Services at Energy Fuels (TSX:EFR) Inc. (NYSE:UUUU), recently sold 12,350 common shares of the company. The shares were sold at an average price of $4.10 each, amounting to a total transaction value of $50,634. The sale comes as the stock trades near $4.18, down approximately 20% year-to-date, though InvestingPro data shows the company maintains a strong financial position with a current ratio of 3.88. Following this transaction, Kapostasy retains ownership of 57,705 shares.
On the same day, Kapostasy also exercised options to acquire 19,487 common shares at a price of $1.76 per share. This exercise was part of a previously granted employee stock option. After the exercise and subsequent sale, his total shareholding stands at 57,705 shares. For deeper insights into insider trading patterns and 8 additional key ProTips about Energy Fuels, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Energy Fuels reported its financial results for 2024, revealing a total revenue of $78.1 million and a net loss of $47.8 million, or ($0.28) per share. This contrasts with the 2023 figures, where the company had a revenue of $37.9 million and a net income of $99.8 million, or $0.63 per share. The increase in revenue was largely due to $39.9 million in sales from heavy mineral sand, marking a shift from uranium concentrate sales. The net loss was influenced by higher operating expenses and costs related to strategic acquisitions, including the acquisition of Base Resources (LON:BSE) and the Donald Project joint venture. H.C. Wainwright adjusted its price target for Energy Fuels to $10.75, maintaining a Buy rating, while Roth/MKM upgraded the stock from Neutral to Buy, setting a price target of $5.75. Roth/MKM’s upgrade was based on Energy Fuels’ successful capital raising and resolution of issues with the Navajo Nation. These developments are seen as strengthening the company’s financial position and potential for growth. The sale of the Alta Mesa Project also contributed to the financial outcomes, with a recognized gain of $119.3 million.
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