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

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's stock price crossed 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Maxim Group raised shares of Ur-Energy to a "strong-buy" rating in a research report on Friday, July 25th. B. Riley upgraded shares of 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, Based on data from MarketBeat, Ur-Energy currently has an average rating of "Strong Buy".

Ur-Energy Stock Performance

The stock's fifty day moving average price is C$1.82 and its two-hundred day moving average price is C$1.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.64 and a current ratio of 16.78. The company has a market cap of C$744.25 million, a P/E ratio of -12.00, a P/E/G ratio of -0.81 and a beta of 0.90.

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.