Tejara Capital Ltd Invests $505,000 in Ur Energy Inc $URG

Key Points

• Tejara Capital Ltd acquired 749,528 shares of Ur Energy Inc, valued at approximately $505,000, making it a new institutional investor in the company.
• Several institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their stakes in Ur Energy, leading to 57.51% of the stock being owned by institutional investors.
• Ur Energy has a consensus rating of "Buy" from analysts, with an average price target of $2.48, significantly above its current trading price of $1.20.

Tejara Capital Ltd acquired a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 749,528 shares of the basic materials company's stock, valued at approximately $505,000. Tejara Capital Ltd owned approximately 0.21% of Ur Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Ur Energy during the first quarter worth $539,000. Virtu Financial LLC acquired a new position in shares of Ur Energy during the 1st quarter worth $169,000. CenterBook Partners LP increased its stake in shares of Ur Energy by 206.0% during the 1st quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company's stock worth $8,205,000 after purchasing an additional 8,194,631 shares during the last quarter. Fourth Sail Capital LP increased its stake in shares of Ur Energy by 3.7% during the 1st quarter. Fourth Sail Capital LP now owns 12,295,868 shares of the basic materials company's stock worth $8,289,000 after purchasing an additional 439,074 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of Ur Energy by 21.9% during the 1st quarter. Alps Advisors Inc. now owns 40,898,293 shares of the basic materials company's stock worth $27,570,000 after purchasing an additional 7,341,627 shares during the last quarter. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

Ur Energy Stock Performance

Shares of NYSEAMERICAN URG traded down $0.04 during trading hours on Wednesday, hitting $1.18. 3,868,010 shares of the company's stock were exchanged, compared to its average volume of 4,139,971. Ur Energy Inc has a 1-year low of $0.5521 and a 1-year high of $1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 2.49. The stock has a market capitalization of $430.50 million, a price-to-earnings ratio of -6.94 and a beta of 0.97. The company's 50-day moving average price is $1.18 and its 200-day moving average price is $0.96.

Analysts Set New Price Targets

Several brokerages have recently commented on URG. Maxim Group began coverage on shares of Ur Energy in a research note on Friday, July 25th. They set a "buy" rating and a $3.00 price target on the stock. B. Riley started coverage on Ur Energy in a research report on Wednesday, July 23rd. They set a "buy" rating and a $2.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat.com, Ur Energy presently has an average rating of "Buy" and a consensus price target of $2.48.

Ur Energy Company Profile

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.