Ur-Energy (TSE:URE) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Ur-Energy Inc. shares have crossed above their 50-day moving average of C$1.78, reaching a high of C$2.09 during Thursday's trading session.
• Recent upgrades from analysts have led to a consensus rating of "Strong Buy" for Ur-Energy, with two investment firms issuing this rating.
• The company's market capitalization stands at C$762.49 million, with notable financial metrics including a P/E ratio of -12.29 and a current ratio of 16.78.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.78 and traded as high as C$2.09. Ur-Energy shares last traded at C$2.09, with a volume of 141,223 shares traded.

Analyst Upgrades and Downgrades

URE has been the topic of a number of recent research reports. Maxim Group raised shares of Ur-Energy to a "strong-buy" rating in a report on Friday, July 25th. B. Riley raised shares of Ur-Energy to a "strong-buy" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Ur-Energy currently has a consensus rating of "Strong Buy".

Ur-Energy Stock Performance

The stock has a fifty day moving average price of C$1.78 and a two-hundred day moving average price of C$1.36. The company has a market cap of C$762.49 million, a P/E ratio of -12.29, a PEG 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.