Ur Energy (NYSEAMERICAN:URG) Shares Gap Up – Here’s Why

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1.28, but opened at $1.36. Ur Energy shares last traded at $1.3750, with a volume of 3,087,885 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on URG shares. HC Wainwright dropped their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. B. Riley upped their price target on Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Northland Capmk raised shares of Ur Energy to a “strong-buy” rating in a report on Sunday, October 26th. Roth Capital boosted their target price on shares of Ur Energy from $1.60 to $1.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Northland Securities began coverage on shares of Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 target price for the company. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, Ur Energy has a consensus rating of “Buy” and an average target price of $2.41.

Ur Energy Stock Performance

The business’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.35. The stock has a market capitalization of $495.06 million, a PE ratio of -5.95 and a beta of 0.92. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02.

Insider Activity at Ur Energy

In related news, Director Gary C. Huber sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $1.29, for a total value of $64,500.00. Following the completion of the sale, the director directly owned 541,609 shares in the company, valued at $698,675.61. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Penne A. Goplerud sold 226,630 shares of Ur Energy stock in a transaction on Monday, November 10th. The stock was sold at an average price of $1.29, for a total transaction of $292,352.70. Following the transaction, the insider directly owned 430,608 shares of the company’s stock, valued at $555,484.32. The trade was a 34.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,056,661 shares of company stock worth $1,558,263 in the last ninety days. Corporate insiders own 3.29% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URG. Alps Advisors Inc. grew its stake in Ur Energy by 1.6% in the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after acquiring an additional 624,842 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ur Energy by 22.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company’s stock worth $16,477,000 after purchasing an additional 4,372,738 shares in the last quarter. Fourth Sail Capital LP grew its stake in Ur Energy by 59.8% in the second quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock worth $20,627,000 after purchasing an additional 7,348,764 shares in the last quarter. Vident Advisory LLC increased its holdings in Ur Energy by 3.6% during the 3rd quarter. Vident Advisory LLC now owns 6,286,428 shares of the basic materials company’s stock worth $11,253,000 after purchasing an additional 216,520 shares during the period. Finally, Citadel Advisors LLC raised its position in Ur Energy by 1,111.5% during the 3rd quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock valued at $7,748,000 after purchasing an additional 3,971,261 shares in the last quarter. Institutional investors own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.