Ur-Energy (TSE:URE) Shares Pass Above Fifty Day Moving Average - What's Next?

Key Points

• Ur-Energy's share price has surpassed its 50-day moving average, reaching a high of C$2.26 during trading.
• Recent analysis has led to multiple firms, including B. Riley and Maxim Group, uplifting Ur-Energy’s rating to a "strong-buy".
• The company, which specializes in uranium mining and processing, has a market capitalization of approximately C$813.57 million.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG's share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.85 and traded as high as C$2.26. Ur-Energy shares last traded at C$2.23, with a volume of 649,923 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on URE shares. B. Riley raised 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 investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Strong Buy".

Ur-Energy Stock Performance

The company has a market cap of C$860.99 million, a price-to-earnings ratio of -13.88, a price-to-earnings-growth ratio of -0.81 and a beta of 0.90. 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 stock has a 50-day moving average price of C$1.87 and a 200 day moving average price of C$1.41.

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.