Ur-Energy (TSE:URE) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.89 and traded as high as C$1.96. Ur-Energy shares last traded at C$1.95, with a volume of 523,827 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on URE shares. Royal Bank Of Canada upgraded Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a report on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Ur-Energy Trading Up 5.4%

The company has a current ratio of 4.00, a quick ratio of 4.64 and a debt-to-equity ratio of 103.29. The business has a 50 day moving average price of C$1.89 and a 200-day moving average price of C$2.10. The firm has a market capitalization of C$775.83 million, a PE ratio of -8.48, a P/E/G ratio of -0.81 and a beta of 0.31.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.