Azarias Capital Management L.P. Sells 3,003,845 Shares of Ur Energy Inc (NYSEAMERICAN:URG)

Azarias Capital Management L.P. decreased its holdings in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,945,808 shares of the basic materials company's stock after selling 3,003,845 shares during the period. Ur Energy makes up approximately 6.7% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 2nd largest position. Azarias Capital Management L.P. owned about 4.93% of Ur Energy worth $12,097,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cibc World Markets Corp acquired a new stake in shares of Ur Energy during the 4th quarter worth approximately $38,000. Tower Research Capital LLC TRC boosted its position in Ur Energy by 178.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock valued at $40,000 after buying an additional 22,395 shares during the period. Ameritas Investment Partners Inc. boosted its position in Ur Energy by 37.4% in the 4th quarter. Ameritas Investment Partners Inc. now owns 37,006 shares of the basic materials company's stock valued at $43,000 after buying an additional 10,065 shares during the period. Ameriprise Financial Inc. purchased a new position in Ur Energy in the 4th quarter valued at approximately $54,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Ur Energy during the 4th quarter worth $57,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Ur Energy Stock Up 2.9%

NYSEAMERICAN:URG traded up $0.03 during midday trading on Monday, hitting $1.05. 4,413,568 shares of the company were exchanged, compared to its average volume of 4,548,394. The company has a fifty day simple moving average of $0.81 and a 200 day simple moving average of $0.99. Ur Energy Inc has a fifty-two week low of $0.55 and a fifty-two week high of $1.53. The company has a current ratio of 4.83, a quick ratio of 3.70 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $383.06 million, a PE ratio of -8.08 and a beta of 0.89.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of Ur Energy in a research report on Tuesday, April 15th. HC Wainwright reaffirmed a "buy" rating and set a $2.70 price objective on shares of Ur Energy in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $2.30.

About Ur Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.