Ur Energy (NYSEAMERICAN:URG) Director Robby Sai Kit Chang Sells 75,588 Shares

Key Points

• Director Robby Sai Kit Chang sold 75,588 Ur-Energy shares at an average price of $1.41, generating $106,579.08 and reducing his direct ownership by 43.94% to 96,449 shares.
• Ur-Energy shares recently traded at $1.48, within a 52-week range of $1.12 to $2.35. The company missed quarterly EPS estimates, reporting a loss of $0.04 per share versus expectations of $0.03, while revenue of $14.37 million slightly exceeded forecasts.
• Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating and a $2.32 price target. Institutional investors own 57.51% of the company, including new stakes from BlackRock, VanEck Associates, and Manufacturers Life Insurance.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE Director Robby Sai Kit Chang sold 75,588 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1.41, for a total transaction of $106,579.08. Following the transaction, the director directly owned 96,449 shares of the company's stock, valued at $135,993.09. The trade was a 43.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ur Energy Price Performance

NYSEAMERICAN URG traded up $0.05 on Tuesday, reaching $1.48. The company's stock had a trading volume of 7,872,179 shares, compared to its average volume of 9,526,240. Ur Energy Inc has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The firm has a market cap of $588.14 million, a PE ratio of -6.73 and a beta of 0.95. The business has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.52.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its quarterly 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 for 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%. Sell-side analysts expect that Ur Energy Inc will post -0.16 EPS for the current year.

Institutional Trading of Ur Energy

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Ur Energy in the second quarter valued at $38,936,000. Van ECK Associates Corp bought a new stake in Ur Energy during the 2nd quarter worth about $31,875,000. The Manufacturers Life Insurance Company acquired a new stake in Ur Energy in the 2nd quarter valued at about $22,602,000. CenterBook Partners LP increased its position in Ur Energy by 153.7% in the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company's stock valued at $14,819,000 after acquiring an additional 6,458,113 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of Ur Energy by 11.8% in the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company's stock worth $60,922,000 after acquiring an additional 4,628,176 shares during the last quarter. Institutional investors own 57.51% of the company's stock.

Analyst Upgrades and Downgrades

URG has been the topic of a number of analyst reports. Roth Capital reiterated a "buy" rating and issued a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. HC Wainwright cut their price objective on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a report on Tuesday, August 11th. B. Riley Financial upgraded shares of Ur Energy to a "strong-buy" rating in a research note on Thursday, May 14th. Royal Bank Of Canada dropped their target price on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating for the company in a research report on Monday, August 17th. Finally, Northland Securities set a $2.35 price target on shares of Ur Energy in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Ur Energy currently has an average rating of "Buy" and an average 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.

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