Ur Energy (NYSEAMERICAN:URG) Announces Earnings Results

Key Points

• Ur-Energy reported a quarterly loss of $0.04 per share, matching analyst expectations, while revenue of $12.43 million fell short of the $14.37 million consensus estimate.
• Analysts maintain a consensus Buy rating and a $2.23 price target, although several firms recently lowered their individual targets.
• Insider trading was mixed: executives and directors bought 182,137 shares and sold 587,005 shares over the past 90 days.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE issued its earnings results on Monday. The basic materials company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04), FiscalAI reports. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. The business had revenue of $12.43 million for the quarter, compared to analyst estimates of $14.37 million.

Ur Energy Price Performance

Shares of NYSEAMERICAN:URG traded up $0.06 on Monday, hitting $0.81. The company had a trading volume of 11,378,863 shares, compared to its average volume of 9,440,484. The business has a 50 day moving average of $1.06 and a 200 day moving average of $1.42. Ur Energy has a 52-week low of $0.68 and a 52-week high of $2.15. The company has a market cap of $321.98 million, a PE ratio of -3.67 and a beta of 1.21. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02.

Analysts Set New Price Targets

URG has been the topic of several recent research reports. Royal Bank Of Canada dropped their price objective on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a research note on Monday, August 17th. B. Riley Financial reduced their price objective on Ur Energy from $2.50 to $2.00 and set a "buy" rating for the company in a report on Wednesday, October 28th. Finally, HC Wainwright cut their price target on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Ur Energy presently has a consensus rating of "Buy" and a consensus price target of $2.23.

Insider Buying and Selling

In other news, VP Jade Walle purchased 96,556 shares of the firm's stock in a transaction on Thursday, September 24th. The shares were bought at an average cost of $1.14 per share, with a total value of $110,073.84. Following the purchase, the vice president directly owned 424,037 shares of the company's stock, valued at approximately $483,402.18. This trade represents a 29.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas H. Parker sold 87,858 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the transaction, the director directly owned 580,884 shares of the company's stock, valued at approximately $859,708.32. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 182,137 shares of company stock worth $221,773 and sold 587,005 shares worth $838,231. Company insiders own 1.63% of the company's stock.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company's activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy's principal operating asset is the Lost Creek uranium project in Wyoming's Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.

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