Ur-Energy (TSE:URE) Sets New 52-Week High - Time to Buy?

Key Points

• Ur-Energy Inc. shares hit a new 52-week high of C$2.23, closing at C$2.12 with a trading volume of 680,370 shares.
• Stock analysts have upgraded Ur-Energy to a "strong-buy" rating, leading to a consensus rating of "Strong Buy" from two equities research analysts.
• Ur-Energy is engaged in uranium mining and processing in the U.S., with key projects including Lost Creek and Shirley Basin.

Shares of Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG hit a new 52-week high on Thursday . The stock traded as high as C$2.23 and last traded at C$2.12, with a volume of 680370 shares trading hands. The stock had previously closed at C$1.89.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Maxim Group upgraded Ur-Energy to a "strong-buy" rating in a research note on Friday, July 25th. B. Riley upgraded Ur-Energy to a "strong-buy" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Strong Buy".

Ur-Energy Price Performance

The company has a 50-day simple moving average of C$1.71 and a 200-day simple moving average of C$1.33. The stock has a market cap of C$773.44 million, a PE ratio of -12.47, a PEG ratio of -0.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 16.78 and a quick ratio of 4.64.

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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