Ur Energy (NYSEAMERICAN:URG) CFO Roger Smith Sells 252,087 Shares

Key Points

• CFO Roger Smith of Ur Energy sold 252,087 shares at an average price of $1.68, totaling approximately $423,506, reducing his holding by 28.51% to 632,175 shares.
• Ur Energy's stock had a current trading price of $1.75, with a significant daily volume of 12,388,679 shares compared to its average of 5,777,077 shares.
• Analyst ratings indicate a positive outlook for Ur Energy, with six analysts rating it as a buy, and an average price target of $2.44.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE CFO Roger Smith sold 252,087 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $1.68, for a total value of $423,506.16. Following the transaction, the chief financial officer owned 632,175 shares in the company, valued at $1,062,054. This trade represents a 28.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ur Energy Price Performance

Shares of NYSEAMERICAN:URG traded up $0.12 during midday trading on Thursday, reaching $1.75. 12,388,679 shares of the company's stock traded hands, compared to its average volume of 5,777,077. Ur Energy Inc has a 1 year low of $0.55 and a 1 year high of $1.78. The company has a market cap of $642.65 million, a P/E ratio of -10.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 3.36. The company has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.02.

Institutional Trading of Ur Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. increased its position 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ur Energy by 22.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company's stock worth $16,477,000 after purchasing an additional 4,372,738 shares during the last quarter. Fourth Sail Capital LP increased its position in shares of Ur Energy by 59.8% during the 2nd quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company's stock worth $20,627,000 after purchasing an additional 7,348,764 shares during the last quarter. CenterBook Partners LP increased its position 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. Finally, Vident Advisory LLC increased its position in shares of Ur Energy by 23.8% during the 2nd quarter. Vident Advisory LLC now owns 6,069,908 shares of the basic materials company's stock worth $6,373,000 after purchasing an additional 1,167,791 shares during the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on URG. Maxim Group began coverage on Ur Energy in a research note on Friday, July 25th. They issued a "buy" rating and a $3.00 price objective for the company. B. Riley increased their price objective on Ur Energy from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Thursday. Finally, Roth Capital raised their target price on Ur Energy from $1.60 to $1.80 and gave the stock a "buy" rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ur Energy currently has an average rating of "Buy" and an average price target of $2.44.

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.

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