Uranium miner Energy Fuels Inc. (TSE:EFR) (NYSE:UUUU) announced today that it is set to join the Russell 3000 Index.
According to a preliminary list of additions posted on June 15, 2018, Energy Fuels will join effective June 25, 2018 after the conclusion of the Russell U.S. Indexes annual reconstitution.
The annual Russell U.S. Indexes reconstitution comprises the 4,000 largest US stocks as of May 11, 2018 and ranks them by total market capitalization.
READ: Energy Fuels planning to resume vanadian recovery in Utah this year
Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies, with approximately US$9 trillion in assets are benchmarked against Russell U.S. Indexes.
Membership in the Russell 3000 Index also means inclusion in the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes.