Ur Energy (NYSEAMERICAN:URG) Stock Price Down 7.5% - Time to Sell?

Key Points

• Shares fell 7.5% to about $1.48 (intraday low $1.47) on Monday, with roughly 2.41 million shares trading—about 73% below the stock's average daily volume of 8.9 million.
• Analysts remain broadly positive despite a recent cut from HC Wainwright (price target lowered to $2.30); the consensus rating is "Buy" with an average price target of $2.35.
• Company fundamentals show a market cap of $529.3M, a negative P/E of -6.87, strong liquidity ratios (quick 4.56, current 5.44) and 57.5% institutional ownership, with several funds recently increasing stakes.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE dropped 7.5% on Monday . The stock traded as low as $1.47 and last traded at $1.4803. Approximately 2,414,111 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 8,899,508 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their price target on shares of Ur Energy from $2.60 to $2.30 and set a "buy" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $2.35.

Ur Energy Stock Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.56 and a current ratio of 5.44. The business's 50-day moving average price is $1.68 and its 200-day moving average price is $1.56. The stock has a market cap of $529.33 million, a P/E ratio of -6.87 and a beta of 0.78.

Hedge Funds Weigh In On Ur Energy

Large investors have recently bought and sold shares of the business. Old West Investment Management LLC boosted its holdings in Ur Energy by 63.1% during the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company's stock worth $49,000 after buying an additional 10,660 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company's stock worth $41,000 after acquiring an additional 14,500 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Ur Energy by 52.3% in the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 14,755 shares during the last quarter. Bravias Capital Group LLC acquired a new position in shares of Ur Energy in the 3rd quarter valued at $27,000. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of Ur Energy during the third quarter worth about $32,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company's core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company's flagship asset is the Lost Creek Project in Wyoming's Great Divide Basin, which commenced commercial production in 2013.

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