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

Key Points

• Ur-Energy Inc. (TSE:URE) achieved a new 52-week high with its stock price reaching C$2.56 during trading, closing at C$2.53.
• Analysts have upgraded Ur-Energy to a "strong-buy" rating from multiple firms, indicating strong confidence in the stock's performance.
• The company has a market capitalization of C$923.01 million, along with a negative price-to-earnings ratio of -14.88, reflecting its exploration stage in uranium mining.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG's stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.56 and last traded at C$2.53, with a volume of 672891 shares changing hands. The stock had previously closed at C$2.42.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. B. Riley upgraded Ur-Energy to a "strong-buy" rating in a research note on Tuesday, July 22nd. Maxim Group upgraded 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, Ur-Energy has a consensus rating of "Strong Buy".

Ur-Energy Stock Performance

The firm's 50 day moving average price is C$1.98 and its 200-day moving average price is C$1.49. The firm has a market cap of C$923.01 million, a price-to-earnings ratio of -14.88, a P/E/G ratio of -0.81 and a beta of 0.94. 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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