Ur Energy (NYSEAMERICAN:URG) Stock Price Down 9.1% - Here's Why

Key Points

• The stock price of Ur Energy Inc fell by 9.1% on Thursday, closing at $1.85, following a recent spike in trading volume.
• Equities analysts maintain a generally positive outlook, with several firms issuing "buy" ratings and raising price targets, with an average target of $2.44.
• Recent insider transactions indicate significant selling, as key executives sold large portions of their holdings, leading to a 71.76% decrease in one director's ownership.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE traded down 9.1% on Thursday . The stock traded as low as $1.83 and last traded at $1.85. 13,818,612 shares changed hands during mid-day trading, an increase of 119% from the average session volume of 6,308,108 shares. The stock had previously closed at $2.03.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Maxim Group assumed coverage on Ur Energy in a report on Friday, July 25th. They issued a "buy" rating and a $3.00 price objective for the company. B. Riley upped their price target on shares of Ur Energy from $2.00 to $2.50 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Finally, Roth Capital upped their price target on shares of Ur Energy from $1.60 to $1.80 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $2.44.

Ur Energy Stock Performance

The stock has a market capitalization of $642.65 million, a price-to-earnings ratio of -10.29 and a beta of 0.96. The company's fifty day simple moving average is $1.54 and its 200 day simple moving average is $1.13. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01.

Insider Activity at Ur Energy

In other news, Director Robby Sai Kit Chang sold 213,914 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $1.75, for a total value of $374,349.50. Following the completion of the transaction, the director owned 84,179 shares of the company's stock, valued at approximately $147,313.25. This represents a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven M. Hatten sold 198,618 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $1.34, for a total transaction of $266,148.12. Following the completion of the transaction, the chief operating officer owned 324,775 shares of the company's stock, valued at approximately $435,198.50. This trade represents a 37.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 664,619 shares of company stock worth $1,064,004. Corporate insiders own 1.86% of the company's stock.

Institutional Trading of Ur Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URG. Vanguard Personalized Indexing Management LLC increased its position in Ur Energy by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 8,879 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Ur Energy during the 2nd quarter worth approximately $38,000. Envestnet Asset Management Inc. acquired a new stake in shares of Ur Energy during the 2nd quarter worth approximately $38,000. Militia Capital Partners LP acquired a new stake in shares of Ur Energy during the 1st quarter worth approximately $40,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Ur Energy during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 57.51% of the company's stock.

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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