The Energy Fuels (NYSE: UUUU) stock had gone through a downturn recently and recorded notable declines. However, it seems that the stock is now on the path to recovery and has gained considerable momentum as well.
While there has been no news about the company this week so far, it might be a good idea for investors to take a look at Energy Fuels’ financial results for the fourth quarter, which were announced back in March.
In the fourth quarter, Energy Fuels suffered a loss of $.04 a share, but it was still better than analysts’ estimates of $.05 a share. In the year-ago period, the company had suffered a loss of $.10 a share. It was a significant development considering the fact that Energy Fuels had beaten analysts’ estimates in terms of earnings only once in the previous four quarters. In light of the new momentum in the stock, investors could consider keeping the stock on their watch lists.