Topic: How To Invest

Pat: Could you please give me a quick opinion on the following stock: Energy Fuels Inc. Thanks so much!

Article Excerpt

Energy Fuels Inc., $3.26, symbol EFR on Toronto (Shares outstanding: 45.3 million; Market cap: $147.6 million; www.energyfuels.com), operates two uranium processing facilities—the White Mesa Mill in Utah and the Nichols Ranch Processing Facility in Wyoming. Both supply uranium oxide (U3O8) in concentrates to major nuclear utilities. The White Mesa Mill has a capacity of over 8 million pounds of uranium oxide per year. The Nichols Ranch Processing Facility, acquired in the company’s purchase of Uranerz Energy Corporation in June 2015, has capacity of 2 million pounds of U3O8 per year. Energy Fuels also has uranium mining projects located in a number of western U.S. states, including small producing mines, mines on standby, and mineral properties in various stages of permitting and development. In the three months ended September 30, 2015, Energy Fuels’ revenue fell 9.5%, to $19.2 million from $21.2 million, a year earlier. (All figures except share price and market cap in U.S. dollars.) The lower revenue came mostly from the timing…