Ur Energy (NYSEAMERICAN:URG) Sets New 52-Week High - Here's Why

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $1.41 and last traded at $1.38, with a volume of 1317741 shares changing hands. The stock had previously closed at $1.38.

Wall Street Analyst Weigh In

URG has been the topic of a number of recent analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of Ur Energy in a research report on Tuesday, April 15th. Maxim Group initiated coverage on Ur Energy in a research report on Friday. They issued a "buy" rating and a $3.00 target price on the stock. B. Riley initiated coverage on Ur Energy in a research report on Wednesday. They issued a "buy" rating and a $2.00 target price on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $2.70 target price on shares of Ur Energy in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $2.48.

Ur Energy Stock Up 3.7%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.70 and a current ratio of 4.83. The firm has a market capitalization of $510.75 million, a P/E ratio of -10.77 and a beta of 0.96. The stock has a fifty day moving average price of $1.03 and a two-hundred day moving average price of $0.96.

Institutional Investors Weigh In On Ur Energy

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. bought a new position in Ur Energy during the 4th quarter worth $54,000. Wellington Management Group LLP bought a new position in Ur Energy during the 4th quarter worth $58,000. Northern Trust Corp grew its stake in Ur Energy by 10.8% during the 4th quarter. Northern Trust Corp now owns 2,240,511 shares of the basic materials company's stock worth $2,577,000 after buying an additional 218,160 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ur Energy by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 853,212 shares of the basic materials company's stock worth $981,000 after buying an additional 41,792 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Ur Energy by 55.4% during the 4th quarter. ProShare Advisors LLC now owns 99,624 shares of the basic materials company's stock worth $115,000 after buying an additional 35,534 shares during the last quarter. 57.51% of the stock is currently owned by 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.