Azarias Capital Management L.P. Sells 2,115,169 Shares of Ur Energy Inc $URG

Key Points

• Azarias Capital Management reduced its Ur-Energy stake by 16%, selling 2.12 million shares and retaining 11.08 million shares valued at approximately $12.0 million. Ur-Energy remains the firm’s second-largest holding and represents 11.3% of its portfolio.
• Ur-Energy shares fell to $0.83, near their 52-week low of $0.81, while the company reported a quarterly loss of $0.04 per share, missing analyst expectations. The company continues to face significant profitability challenges, including a negative net margin of 252.75%.
• Despite the weak financial performance, analysts maintain a consensus “Buy” rating with an average price target of $2.28. Institutional investors own 57.51% of the stock, while recent insider activity included both executive purchases and sales.

Azarias Capital Management L.P. cut its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 16.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,084,310 shares of the basic materials company's stock after selling 2,115,169 shares during the period. Ur Energy accounts for approximately 11.3% of Azarias Capital Management L.P.'s holdings, making the stock its 2nd biggest holding. Azarias Capital Management L.P. owned approximately 2.78% of Ur Energy worth $11,971,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Tidal Investments LLC lifted its holdings in shares of Ur Energy by 10,309.6% during the 2nd quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company's stock valued at $2,607,000 after acquiring an additional 1,898,522 shares in the last quarter. GFG Capital LLC bought a new position in shares of Ur Energy in the 2nd quarter worth about $61,000. AXQ Capital LP acquired a new position in Ur Energy in the second quarter valued at approximately $31,000. Van ECK Associates Corp acquired a new stake in Ur Energy in the second quarter worth $31,875,000. Finally, Bank of America Corp DE acquired a new stake in shares of Ur Energy in the 2nd quarter worth about $757,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Price Performance

NYSEAMERICAN URG traded down $0.06 on Wednesday, reaching $0.83. The company's stock had a trading volume of 14,996,007 shares, compared to its average volume of 9,144,379. Ur Energy Inc has a twelve month low of $0.81 and a twelve month high of $2.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. The firm's 50 day moving average is $1.27 and its two-hundred day moving average is $1.43. The stock has a market cap of $331.83 million, a PE ratio of -3.78 and a beta of 1.15.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last released its earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The business had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. As a group, sell-side analysts predict that Ur Energy Inc will post -0.16 EPS for the current year.

Insider Activity at Ur Energy

In related news, VP Jade Walle bought 96,556 shares of Ur Energy stock in a transaction dated Thursday, September 24th. The stock was acquired at an average cost of $1.14 per share, with a total value of $110,073.84. Following the completion of the acquisition, the vice president directly owned 424,037 shares in the company, valued at approximately $483,402.18. This trade represents a 29.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Roger L. Smith sold 103,536 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.43, for a total value of $148,056.48. Following the sale, the chief financial officer directly owned 651,562 shares of the company's stock, valued at approximately $931,733.66. This represents a 13.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. 1.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on URG. Royal Bank Of Canada lowered their target price 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. HC Wainwright dropped their target price on Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $2.28.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on advancing and operating in situ recovery uranium projects in the United States. The company produces uranium concentrate, commonly known as yellowcake or U₃O₈, for use as fuel in nuclear power generation.

Ur-Energy's principal operating asset is the Lost Creek project in the Great Divide Basin of Wyoming. Lost Creek uses in situ recovery technology, which involves circulating a solution through uranium-bearing formations to dissolve and recover uranium without conventional open-pit or underground mining.

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