Ur-Energy (TSE:URE) Sets New 52-Week High - Should You Buy?

Key Points

• Ur-Energy Inc. (TSE:URE) shares hit a new 52-week high of C$2.38, reflecting strong trading volume of 468,094 shares.
• Recent upgrades from analysts, including B. Riley and Maxim Group, have given Ur-Energy a consensus rating of "Strong Buy."
• The company, focused on uranium mining and processing in the U.S., has a market cap of C$831.81 million and a significant debt-to-equity ratio of 0.80.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG shares reached a new 52-week high on Thursday . The stock traded as high as C$2.38 and last traded at C$2.28, with a volume of 468094 shares trading hands. The stock had previously closed at C$2.32.

Analysts Set New Price Targets

Several research firms have recently weighed in on URE. 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 equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Ur-Energy presently has a consensus rating of "Strong Buy".

Ur-Energy Stock Performance

The firm's 50-day moving average price is C$1.89 and its 200 day moving average price is C$1.42. The company has a market cap of C$831.81 million, a price-to-earnings ratio of -13.41, a PEG ratio of -0.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.64 and a current ratio of 16.78.

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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