Ur Energy (NYSEAMERICAN:URG) Sets New 12-Month High - What's Next?

Key Points

• Ur Energy reached a new 52-week high of $1.82, with 836,645 shares traded, marking an upward trend in its stock performance.
• Analysts have raised their price targets for Ur Energy, with B. Riley setting a target of $2.50 and Roth Capital increasing theirs to $1.80, reflecting a strong buy sentiment across multiple analysts.
• Recent insider activity shows significant share sales by key executives, including COO Steven M. Hatten and CFO Roger L. Smith, who reduced their holdings by 37.95% and 28.51%, respectively.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE hit a new 52-week high during trading on Thursday . The company traded as high as $1.82 and last traded at $1.75, with a volume of 836645 shares trading hands. The stock had previously closed at $1.76.

Analysts Set New Price Targets

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

Ur Energy Stock Performance

The stock has a market capitalization of $637.14 million, a PE ratio of -10.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 2.49. The business has a 50 day moving average price of $1.41 and a 200 day moving average price of $1.06.

Insider Activity

In other Ur Energy news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $1.34, for a total value of $266,148.12. Following the completion of the sale, the chief operating officer owned 324,775 shares of the company's stock, valued at approximately $435,198.50. The trade was a 37.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Roger L. Smith sold 252,087 shares of the company's stock in a transaction 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 sale, the chief financial officer owned 632,175 shares of the company's stock, valued at approximately $1,062,054. This trade represents a 28.51% 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 in the last 90 days. 1.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 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 purchasing an additional 7,341,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 4,372,738 shares in the last quarter. Fourth Sail Capital LP lifted its position in Ur Energy by 59.8% during the second quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company's stock valued at $20,627,000 after purchasing an additional 7,348,764 shares during the last quarter. CenterBook Partners LP grew its position in Ur Energy by 206.0% in the first quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company's stock worth $8,205,000 after acquiring an additional 8,194,631 shares in 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 valued at $6,373,000 after purchasing an additional 1,167,791 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.

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