Ur Energy (NYSEAMERICAN:URG) Director Sells $100,516.44 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director Kathy Walker sold 72,838 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $1.38, for a total transaction of $100,516.44. Following the completion of the transaction, the director owned 587,267 shares in the company, valued at approximately $810,428.46. The trade was a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ur Energy Stock Performance

Shares of NYSEAMERICAN:URG traded up $0.01 during trading on Monday, reaching $1.43. 3,466,353 shares of the company’s stock traded hands, compared to its average volume of 9,536,441. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. Ur Energy Inc has a 12 month low of $1.12 and a 12 month high of $2.35. The company has a 50 day moving average of $1.34 and a 200-day moving average of $1.52. The stock has a market capitalization of $568.27 million, a P/E ratio of -6.50 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.The business had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. On average, equities analysts expect that Ur Energy Inc will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AXQ Capital LP bought a new position in Ur Energy in the 2nd quarter worth approximately $31,000. Van ECK Associates Corp bought a new stake in Ur Energy during the 2nd quarter valued at $31,875,000. Bank of America Corp DE bought a new stake in Ur Energy during the 2nd quarter valued at $757,000. Legal & General Group Plc acquired a new position in Ur Energy during the 2nd quarter worth $50,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Ur Energy during the 2nd quarter worth $22,602,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on URG shares. Roth Capital restated a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. Northland Securities set a $2.35 target price on Ur Energy in a research report on Tuesday, May 12th. Royal Bank Of Canada dropped their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, HC Wainwright reduced their price target on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $2.32.

About Ur Energy

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.