Tuesday, August 6, 2019
Energy Fuels (UUUU)
Looking Ahead to Working Group Recommendations Expected in October
Energy Fuels Inc together with its subsidiary is engaged in the extraction and recovery of uranium properties in the United States. The company operates in two segments, ISR Uranium and Conventional Uranium. It conducts its ISR activities through its Nichols Ranch Project, located in northeast Wyoming.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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- Weaker than expected second quarter results. Energy Fuels reported a second quarter loss of $10.1 million, or ($0.10) per share, compared to earnings of $7.2 million, or $0.08 per share during the prior year period. We had forecast a loss of $4.1 million, or ($0.04) per share. Variances to our estimate included a $4.9 million inventory impairment, or ($0.05) per share.
- Updating estimates. We now project a 2019 loss of ($0.30) per share compared to our prior loss estimate of ($0.20) per share. For 2020, we anticipate….
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