Why Energy Fuels (UUUU) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Energy Fuels Inc. (UUUU) are up 2.45% to $7.94 in early trading on Thursday after it announced the sale of certain non-core uranium assets to a private investor group led by Baobab Asset Management and George Glasier, the past president of the company, as part of its continuing cost reduction strategy.

Upon closing of these transactions, each of which is expected to occur on or before October 15, the company will receive in total approximately $2.05M.

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