Ur Energy (NYSEAMERICAN:URG) VP Buys 75,581 Shares of Stock

Key Points

• Insider buying: Ur-Energy VP Jade Walle purchased 75,581 shares at an average price of $1.29, increasing her direct ownership by 30% to 327,481 shares.
• Weak stock and earnings performance: Shares opened at $1.25, down 3.1%, while the company reported a quarterly loss of $0.04 per share, missing estimates by $0.01. Analysts expect a full-year loss of $0.16 per share.
• Analyst outlook remains positive: Despite lowered price targets from RBC and HC Wainwright, Ur-Energy maintains a consensus “Buy” rating with an average target price of $2.32, well above its recent trading level.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE VP Jade Walle purchased 75,581 shares of the business's stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $1.29 per share, with a total value of $97,499.49. Following the acquisition, the vice president directly owned 327,481 shares in the company, valued at approximately $422,450.49. The trade was a 30.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Ur Energy Stock Down 3.1%

NYSEAMERICAN:URG opened at $1.25 on Tuesday. Ur Energy Inc has a 52 week low of $1.12 and a 52 week high of $2.35. The stock's fifty day moving average is $1.33 and its two-hundred day moving average is $1.49. The stock has a market capitalization of $496.74 million, a price-to-earnings ratio of -5.68 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 announced 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 firm 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%. Research analysts anticipate that Ur Energy Inc will post -0.16 EPS for the current year.

Analyst Ratings Changes

URG has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target 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. HC Wainwright cut their price target 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. According to MarketBeat.com, Ur Energy currently has a consensus rating of "Buy" and an average price target of $2.32.

Hedge Funds Weigh In On Ur Energy

A number of institutional investors and hedge funds have recently modified their holdings of URG. CTC Alternative Strategies Ltd. purchased a new position in Ur Energy in the first quarter valued at approximately $31,000. AXQ Capital LP purchased a new stake in shares of Ur Energy during the 2nd quarter worth approximately $31,000. Earned Wealth Advisors LLC acquired a new position in shares of Ur Energy in the 1st quarter valued at $37,000. Legal & General Group Plc acquired a new position in shares of Ur Energy in the 2nd quarter valued at $50,000. Finally, GFG Capital LLC acquired a new position in shares of Ur Energy in the 2nd quarter valued at $61,000. Institutional investors and hedge funds own 57.51% of the company's stock.

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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