Ur Energy (NYSEAMERICAN:URG) Shares Gap Up - What's Next?

Key Points

• Ur Energy shares gapped up before trading on Tuesday, opening at $1.90 compared to a previous close of $1.81, and last traded at $1.86 with a volume of over 2.7 million shares.
• Analyst ratings reflect positive sentiment, with multiple firms raising target prices; B. Riley increased their target from $2.00 to $2.50 while acknowledging the stock holds an average buy rating.
• Insider selling activity was noted, with CFO Roger L. Smith and Director Robby Sai Kit Chang reducing their stakes by 28.51% and 71.76% respectively, following significant share sales.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE gapped up prior to trading on Tuesday . The stock had previously closed at $1.81, but opened at $1.90. Ur Energy shares last traded at $1.86, with a volume of 2,717,305 shares.

Analyst Ratings Changes

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

Ur Energy Price Performance

The company has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $1.08. The company has a market cap of $666.52 million, a price-to-earnings ratio of -10.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 3.36.

Insider Activity at Ur Energy

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in URG. Wellington Management Group LLP purchased a new stake in Ur Energy during the fourth quarter worth approximately $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ur Energy by 22.0% in 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 purchasing an additional 4,372,738 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Ur Energy by 19.4% in the first quarter. Vident Advisory LLC now owns 4,902,117 shares of the basic materials company's stock worth $3,284,000 after buying an additional 797,738 shares during the period. Nuveen LLC acquired a new stake in shares of Ur Energy in the first quarter valued at about $539,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Ur Energy by 22.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 369,449 shares of the basic materials company's stock valued at $249,000 after buying an additional 66,616 shares during the period. 57.51% of the stock is owned by hedge funds and other institutional investors.

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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