Ur Energy (NYSEAMERICAN:URG) Stock: Insider Jade Walle Acquires 96,556 Shares

Key Points

• Insider buying: VP Jade Walle acquired 96,556 Ur-Energy shares at $1.14 each, investing approximately $110,074 and increasing their ownership by 29.48% to 424,037 shares. Walle also purchased 75,581 shares earlier in September.
• Stock performance and fundamentals: URG traded near $1.13, close to its one-year low of $1.12, while the company reported a quarterly EPS loss of $0.04, missing estimates by $0.01. Analysts expect a full-year loss of $0.16 per share.
• Analyst outlook remains positive: Despite recent price-target reductions, analysts maintain a consensus “Buy” rating with an average target of $2.28, substantially above the current share price.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE VP Jade Walle acquired 96,556 shares of the company's 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 purchase, the vice president 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jade Walle also recently made the following trade(s):

• On Friday, September 11th, Jade Walle bought 75,581 shares of Ur Energy stock. The stock was bought at an average cost of $1.29 per share, for a total transaction of $97,499.49.

Ur Energy Price Performance

URG stock remained flat at $1.13 during mid-day trading on Friday. 4,755,880 shares of the company's stock traded hands, compared to its average volume of 9,131,173. The firm's 50-day moving average price is $1.32 and its 200-day moving average price is $1.47. Ur Energy Inc has a 1-year low of $1.12 and a 1-year high of $2.35. The company has a market capitalization of $449.05 million, a P/E ratio of -5.14 and a beta of 0.94. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last released its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (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 analysts' expectations of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. As a group, analysts expect that Ur Energy Inc will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company's stock worth $60,922,000 after buying an additional 4,628,176 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Ur Energy in the second quarter valued at approximately $38,936,000. Van ECK Associates Corp purchased a new position in shares of Ur Energy in the second quarter valued at approximately $31,875,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ur Energy in the second quarter worth approximately $22,602,000. Finally, CenterBook Partners LP boosted its stake in shares of Ur Energy by 153.7% in the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company's stock worth $14,819,000 after acquiring an additional 6,458,113 shares during the last quarter. Institutional investors and hedge funds own 57.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. HC Wainwright reduced their price objective on Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a report on Tuesday, August 11th. 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. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $2.28.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company's activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy's primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming's Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.

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