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

Key Points

• Ur-Energy's shares recently crossed above their 50-day moving average, trading as high as C$2.40 and last at C$2.35 on a volume of 226,120 shares.
• Analysts are bullish: Canaccord Genuity upgraded Ur-Energy to a "Strong Buy", and MarketBeat shows a consensus Strong Buy rating from four analysts.
• Fundamentals remain challenged — the company reported C($0.05) EPS with a negative net margin (-275.29%) and negative ROE (-76.17%), though it shows strong short-term liquidity (quick ratio 4.64, current ratio 5.44) and a market cap of C$933.7M.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG's stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.14 and traded as high as C$2.40. Ur-Energy shares last traded at C$2.35, with a volume of 226,120 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Ur-Energy to a "strong-buy" rating in a research note on Thursday, April 2nd. Four analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Ur-Energy presently has a consensus rating of "Strong Buy".

Ur-Energy Trading Down 2.5%

The company has a debt-to-equity ratio of 88.08, a quick ratio of 4.64 and a current ratio of 5.44. The company has a market cap of C$933.73 million, a P/E ratio of -11.75, a P/E/G ratio of -0.81 and a beta of 0.27. The business has a fifty day simple moving average of C$2.14 and a 200 day simple moving average of C$2.13.

Ur-Energy (TSE:URE - Get Free Report) NYSE: URG last posted its quarterly earnings results on Tuesday, March 10th. The company reported C($0.05) earnings per share (EPS) for the quarter. Ur-Energy had a negative net margin of 275.29% and a negative return on equity of 76.17%. The firm had revenue of C$13.98 million for the quarter. Analysts anticipate that Ur-Energy Inc. will post 0.0273858 earnings per share for the current fiscal year.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

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