Ur-Energy (TSE:URE) Sets New 12-Month High - Should You Buy?

Key Points

• Ur-Energy Inc. shares hit a new 52-week high, trading at C$2.26 with a trading volume of 649,923 shares.
• Analysts have upgraded Ur-Energy to a "strong-buy" rating, indicating positive market confidence with a consensus rating of "Strong Buy".
• The company has strong financial metrics including a current ratio of 16.78 and a market cap of C$813.57 million.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG's stock price reached a new 52-week high during trading on Friday . The company traded as high as C$2.26 and last traded at C$2.23, with a volume of 649923 shares trading hands. The stock had previously closed at C$2.09.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley raised Ur-Energy to a "strong-buy" rating in a research report on Tuesday, July 22nd. Maxim Group upgraded 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 data from MarketBeat, the stock has an average rating of "Strong Buy".

Ur-Energy Stock Performance

The firm has a 50 day moving average price of C$1.87 and a 200-day moving average price of C$1.41. The company has a debt-to-equity ratio of 0.80, a current ratio of 16.78 and a quick ratio of 4.64. The firm has a market capitalization of C$868.29 million, a price-to-earnings ratio of -14.00, a PEG ratio of -0.81 and a beta of 0.90.

Ur-Energy Company Profile

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.