Energy Fuels (UUUU) saw its stock plummet 5.53% in pre-market trading on Wednesday, as part of a broader decline in rare earth stocks. This drop comes amid a continued downward trend in the sector, with several companies experiencing significant losses.

The pre-market decline for Energy Fuels appears to be an acceleration of the negative sentiment observed earlier, where it was reported to be down 3% alongside other rare earth companies. Critical Metals led the sector's decline with an 8% drop, while USA Rare Earth fell 2%, and both UAMY and NioCorp saw 1% decreases.

While specific reasons for the sector-wide decline were not immediately clear, the consistent downturn across multiple rare earth stocks suggests broader market factors or sector-specific concerns may be at play. Investors in the rare earth and critical metals space should monitor ongoing developments closely, as the pre-market activity indicates potential for further volatility during the regular trading session.