Ur Energy (NYSEAMERICAN:URG) Shares Down 1% – Time to Sell?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s stock price was down 1% on Thursday . The company traded as low as $1.90 and last traded at $1.91. Approximately 8,758,278 shares traded hands during trading, a decline of 2% from the average daily volume of 8,956,659 shares. The stock had previously closed at $1.93.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URG. B. Riley lifted their target price on shares of Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Northland Securities started coverage on shares of Ur Energy in a report on Monday, October 27th. They issued an “outperform” rating and a $2.15 price target on the stock. Finally, HC Wainwright lowered their price objective on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $2.41.

Ur Energy Trading Down 1.0%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.89 and a current ratio of 7.85. The firm has a market capitalization of $721.81 million, a PE ratio of -8.68 and a beta of 0.81. The stock’s 50-day simple moving average is $1.45 and its 200-day simple moving average is $1.46.

Insider Buying and Selling at Ur Energy

In other news, Director Gary C. Huber sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $1.29, for a total value of $64,500.00. Following the completion of the transaction, the director owned 541,609 shares of the company’s stock, valued at approximately $698,675.61. This represents a 8.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Matthew David Gili purchased 155,000 shares of Ur Energy stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of $1.21 per share, for a total transaction of $187,550.00. Following the completion of the purchase, the president owned 155,000 shares of the company’s stock, valued at $187,550. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 590,660 shares of company stock worth $760,407. Insiders own 1.86% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

Several hedge funds have recently added to or reduced their stakes in URG. Hennion & Walsh Asset Management Inc. raised its holdings in Ur Energy by 183.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after buying an additional 400,881 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Ur Energy in the 3rd quarter worth approximately $104,000. XTX Topco Ltd lifted its position in Ur Energy by 206.1% in the 3rd quarter. XTX Topco Ltd now owns 467,772 shares of the basic materials company’s stock valued at $837,000 after acquiring an additional 314,957 shares in the last quarter. Wexford Capital LP lifted its position in Ur Energy by 21.7% in the 3rd quarter. Wexford Capital LP now owns 303,724 shares of the basic materials company’s stock valued at $544,000 after acquiring an additional 54,124 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in Ur Energy by 168.5% during the 3rd quarter. Susquehanna International Group LLP now owns 1,950,178 shares of the basic materials company’s stock valued at $3,491,000 after purchasing an additional 1,223,724 shares during the last quarter. 57.51% of the stock is owned by institutional investors.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.