Ur Energy (NYSEAMERICAN:URG) Hits New 52-Week High - Still a Buy?

Key Points

• Ur Energy shares reached a new 52-week high at $1.90 on September 25th, with significant trading volume of over 9.8 million shares.
• Wall Street analysts maintain a favorable outlook with an average target price of $2.44 and several "buy" ratings from multiple firms.
• Insider selling has occurred recently, with CFO Roger L. Smith and Director Robby Sai Kit Chang selling substantial shares, indicating a 28.51% and 71.76% reduction in their holdings, respectively.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE shares reached a new 52-week high on Wednesday . The company traded as high as $1.90 and last traded at $1.85, with a volume of 9884122 shares trading hands. The stock had previously closed at $1.81.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on URG shares. Roth Capital lifted their target price on shares of Ur Energy from $1.60 to $1.80 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. B. Riley lifted their target price on shares of Ur Energy from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Thursday, September 25th. Finally, Maxim Group started coverage on shares of Ur Energy in a research note on Friday, July 25th. They set a "buy" rating and a $3.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ur Energy currently has an average rating of "Buy" and an average target price of $2.44.

Ur Energy Stock Performance

The firm has a market cap of $679.38 million, a PE ratio of -10.88 and a beta of 0.96. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The firm's 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.08.

Insiders Place Their Bets

In other news, CFO Roger L. Smith sold 252,087 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $1.68, for a total transaction of $423,506.16. Following the sale, the chief financial officer directly owned 632,175 shares in the company, valued at approximately $1,062,054. This represents a 28.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robby Sai Kit Chang sold 213,914 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $1.75, for a total transaction of $374,349.50. Following the sale, the director owned 84,179 shares in the company, valued at $147,313.25. This represents a 71.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 664,619 shares of company stock worth $1,064,004 in the last 90 days. 3.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Ur Energy

Several hedge funds have recently made changes to their positions in URG. CenterBook Partners LP raised 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 valued at $8,205,000 after buying an additional 8,194,631 shares in the last quarter. Fourth Sail Capital LP raised 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 valued at $20,627,000 after buying an additional 7,348,764 shares in the last quarter. Alps Advisors Inc. raised 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 valued at $27,570,000 after buying an additional 7,341,627 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $16,477,000 after buying an additional 4,372,738 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Ur Energy during the 2nd quarter valued at about $1,637,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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