Ur-Energy (TSE:URE) Hits New 1-Year High - Here's What Happened

Key Points

• Ur-Energy Inc. shares reached a new 52-week high, trading at C$2.89 during mid-day on Tuesday, with a last recorded price of C$2.80.
• Analysts have predominantly rated Ur-Energy as a "strong buy," with B. Riley and Maxim Group issuing upgrades to this designation in late July.
• The company has a market capitalization of C$1.07 billion and is engaged in uranium mining and recovery activities in the United States.

Shares of Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.89 and last traded at C$2.80, with a volume of 255835 shares changing hands. The stock had previously closed at C$2.72.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. B. Riley raised shares of Ur-Energy to a "strong-buy" rating in a report on Tuesday, July 22nd. Maxim Group raised shares of Ur-Energy to a "strong-buy" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of "Strong Buy".

Ur-Energy Price Performance

The company has a current ratio of 16.78, a quick ratio of 4.64 and a debt-to-equity ratio of 0.80. The firm has a market cap of C$1.07 billion, a price-to-earnings ratio of -17.29, a price-to-earnings-growth ratio of -0.81 and a beta of 0.94. The company's 50-day moving average is C$2.08 and its 200-day moving average is C$1.55.

About Ur-Energy

Ur-Energy Inc is an exploration stage mining company. The company is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. Its projects are Lost Creek, Shirley Basin, and other U.S.

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