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Energy Fuels Ord Shs T.EFR

Alternate Symbol(s):  UUUU

Energy Fuels Inc. is a critical minerals company focused on uranium, rare earth elements (REEs), heavy mineral sands (HMS), vanadium and medical isotopes. The Company is a producer of natural uranium concentrate, which owns and operates several conventional and in situ recovery uranium projects in the western United States. The Company also owns the White Mesa Mill in Utah, which is the fully licensed and operating conventional uranium processing facility in the United States. The Company also owns the operating Kwale HMS project in Kenya. It is developing three additional HMS projects, including the Toliara Project in Madagascar, the Bahia Project in Brazil, and the Donald Project in Australia, in which the Company has the right to earn up to approximately 49% interest in a joint venture with Astron Corporation Limited. The Toliara Project is located in south-west Madagascar, 45 kilometers (kms) north of the regional town and port of Toliara.


TSX:EFR - Post by User

Bullboard Posts
Comment by vchesaron Mar 31, 2016 11:17pm
274 Views
Post# 24718297

RE:after hours for UUUU

RE:after hours for UUUUThe total volume of trade including both TSX & American exchange was over 944,400. There is a possibility that the high trade volume may be the result of shorters covering their interest. According to the latest short interest report, EFR's short interest as of 15th March, 2016 was 2.7m, 5% of the outstanding shares. The short interest jumped after EFR's acquisition of Uranerz in June,2015 and peaked at 3.25m at the end of August,2015. At the end of Dec.,2015 it stood at 2.1m. The short interest has been rising since then. I always wondered why the shorters have been sitting on a high interest, even though the share price dropped to US $1.80 at the beginning of this year. If the short covering is the reason for the high volume, then probably we can expect higher share prices in the coming days.   
Bullboard Posts