Ur Energy (NYSEAMERICAN:URG) Reaches New 52-Week High - What's Next?

Key Points

• Ur Energy Inc. shares reached a new 52-week high of $2.05, closing at $2.03, with a volume of over 16 million shares traded.
• Analysts project growth for Ur Energy, with six research firms rating the stock as a "Buy" and a consensus target price of $2.44.
• Insider trading activity revealed significant sales, with Director Robby Sai Kit Chang selling 213,914 shares, reflecting a 71.76% decrease in ownership.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE reached a new 52-week high on Tuesday . The stock traded as high as $2.05 and last traded at $2.03, with a volume of 16552205 shares. The stock had previously closed at $1.95.

Wall Street Analysts Forecast Growth

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

Ur Energy Stock Performance

The stock has a market cap of $745.48 million, a PE ratio of -11.94 and a beta of 0.96. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $1.50 and a 200 day moving average price of $1.12.

Insider Activity at Ur Energy

In related news, Director Robby Sai Kit Chang sold 213,914 shares of the firm's stock in a transaction dated Thursday, September 25th. The stock was 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 of the company's stock, valued at $147,313.25. This trade represents a 71.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Hatten sold 198,618 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $1.34, for a total value of $266,148.12. Following the sale, the chief operating officer directly owned 324,775 shares in the company, valued at approximately $435,198.50. The trade was a 37.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 664,619 shares of company stock valued at $1,064,004 over the last quarter. 3.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ur Energy

Several institutional investors have recently added to or reduced their stakes in URG. Cambridge Investment Research Advisors Inc. boosted its holdings in Ur Energy by 22.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 369,449 shares of the basic materials company's stock worth $249,000 after acquiring an additional 66,616 shares in the last quarter. Verity Asset Management Inc. boosted its holdings in Ur Energy by 22.4% in the first quarter. Verity Asset Management Inc. now owns 364,594 shares of the basic materials company's stock worth $246,000 after acquiring an additional 66,698 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its holdings in Ur Energy by 2.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 3,220,120 shares of the basic materials company's stock worth $2,157,000 after acquiring an additional 71,906 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Ur Energy by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 790,184 shares of the basic materials company's stock worth $533,000 after acquiring an additional 40,375 shares in the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Ur Energy by 21.9% in the first quarter. Alps Advisors Inc. now owns 40,898,293 shares of the basic materials company's stock worth $27,570,000 after acquiring an additional 7,341,627 shares in the last quarter. Institutional investors and hedge funds own 57.51% of the company's stock.

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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