Ur-Energy (TSE:URE) Stock Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Technical move: Ur‑Energy's stock crossed above its 50‑day moving average of C$2.12 on Friday, trading as high as C$2.22 and last at C$2.08 on volume of 214,395 shares.
• Analyst sentiment: Canaccord Genuity upgraded the stock to a "strong‑buy" and four analysts now rate URE as a Strong Buy, giving it an overall average rating of Strong Buy.
• Weak fundamentals: The company reported C($0.05) EPS last quarter with a negative net margin (‑275.29%) and negative ROE, though it has a C$826.45M market cap and operates the Lost Creek and Shirley Basin uranium projects.

Ur-Energy Inc. (TSE:URE - Get Free Report) NYSE: URG's share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.12 and traded as high as C$2.22. Ur-Energy shares last traded at C$2.08, with a volume of 214,395 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised 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, the company presently has an average rating of "Strong Buy".

Ur-Energy Price Performance

The company has a 50 day simple moving average of C$2.12 and a 200-day simple moving average of C$2.15. The stock has a market cap of C$826.45 million, a price-to-earnings ratio of -10.40, a P/E/G ratio of -0.81 and a beta of 0.27. The company has a current ratio of 5.44, a quick ratio of 4.64 and a debt-to-equity ratio of 88.08.

Ur-Energy (TSE:URE - Get Free Report) NYSE: URG last released 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 during the quarter. Research analysts expect that Ur-Energy Inc. will post 0.0273858 EPS for the current year.

Ur-Energy Company Profile

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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