10 Stocks Hammered Harder Than Wall Street

2. Energy Fuels Inc. (NYSEAmerican:UUUU)

Energy Fuels dropped its share prices by 17.88 percent on Tuesday to close at $8.48 apiece as investors sold off positions amid the broader market pessimism.

Energy Fuels Inc. (NYSEAmerican:UUUU) declined alongside the uranium and energy sectors, which fell by 5.65 percent and 0.25 percent, respectively.

In the second quarter of the year, Energy Fuels Inc. (NYSEAmerican:UUUU) saw attributable net loss widen by 241 percent to $21.8 million from only $6.4 million in the same period last year. Total revenues declined by 51.7 percent to $4.2 million from $8.7 million year-on-year.

In other developments, Energy Fuels Inc. (NYSEAmerican:UUUU) welcomed its new president, Ross R. Bhappu, replacing Mark S. Chalmers, who will remain the company’s chief executive officer.

Bhappu brings over 35 years of experience in mining and private equity, including nearly 25 years with Resource Capital Funds, where he provided both technical and financial evaluation and support in project identification, analysis, development, valuation, project finance, mergers and acquisitions and sourcing of capital from private and public markets exclusively for the mining and minerals sector.

According to the company, the leadership transition was in line with its long-term succession plans.