MMCAP International Inc. SPC Sells 3,333,504 Shares of Ur Energy Inc $URG

MMCAP International Inc. SPC lowered its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 86.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 515,776 shares of the basic materials company’s stock after selling 3,333,504 shares during the period. MMCAP International Inc. SPC owned approximately 0.14% of Ur Energy worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Old West Investment Management LLC boosted its holdings in Ur Energy by 63.1% during the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock worth $49,000 after buying an additional 10,660 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Ur Energy by 52.3% during the third quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock worth $77,000 after buying an additional 14,755 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in Ur Energy during the third quarter worth about $32,000. Virtu Financial LLC boosted its holdings in Ur Energy by 21.3% during the third quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock worth $191,000 after buying an additional 18,735 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after buying an additional 19,700 shares during the last quarter. Institutional investors own 57.51% of the company’s stock.

Insider Transactions at Ur Energy

In other news, VP Jade Walle bought 107,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of $1.39 per share, with a total value of $149,981.00. Following the transaction, the vice president owned 251,900 shares in the company, valued at $350,141. This represents a 74.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on URG. HC Wainwright restated a “buy” rating and set a $2.30 target price on shares of Ur Energy in a report on Monday, April 27th. Northland Securities set a $2.35 price target on Ur Energy in a research report on Tuesday, May 12th. Canaccord Genuity Group started coverage on Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 price target on the stock. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, Ur Energy has an average rating of “Buy” and a consensus price target of $2.57.

Ur Energy Trading Up 5.2%

NYSEAMERICAN URG opened at $1.63 on Wednesday. The firm has a market cap of $647.65 million, a P/E ratio of -6.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The stock’s 50-day moving average is $1.60 and its 200-day moving average is $1.55. Ur Energy Inc has a one year low of $0.74 and a one year high of $2.35.

Ur Energy 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.