Energy Fuels (UUUU) shares surged 10.7% to $7.76 in the last trading session, supported by above-average trading volume, reflecting a 20.9% increase over the past month.
The rise followed positive production reports from the Pinyon Plain uranium mine in Arizona, which is exceeding expectations with average grades of 3.51% in June. The company announced plans to sell 140,000 pounds of uranium in Q3 and 160,000 pounds in Q4, with 2026 sales projected between 620,000 to 880,000 pounds.
Energy Fuels is expected to report a quarterly loss of $0.04 per share, unchanged from the previous year, while revenues are anticipated to increase by 7.8% to $9.4 million.
