Energy Fuels' stock experienced a significant pre-market plunge of 5.13% on Friday, as investors reacted negatively to the company's upcoming earnings report.

The uranium and rare earth elements producer is expected to report a fourth-quarter loss of 9 Canadian cents per share, according to market expectations. The negative sentiment ahead of the earnings conference call scheduled for later in the trading session appears to be driving the pre-market sell-off.

Traders are positioning themselves cautiously before the official earnings release and management commentary, which could provide further details about the company's financial performance and future outlook.