Ur Energy (NYSEAMERICAN:URG) Stock Price Down 9.8% – Should You Sell?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s share price was down 9.8% on Wednesday . The stock traded as low as $1.89 and last traded at $1.8950. Approximately 11,183,916 shares changed hands during trading, an increase of 20% from the average daily volume of 9,354,620 shares. The stock had previously closed at $2.10.

Analysts Set New Price Targets

Several equities analysts have weighed in on URG shares. Northland Securities set a $2.35 price target on Ur Energy in a research report on Tuesday, May 12th. Roth Mkm reissued a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. HC Wainwright reaffirmed a “buy” rating and issued a $2.30 price objective on shares of Ur Energy in a research report on Monday, April 27th. Finally, Canaccord Genuity Group assumed coverage on Ur Energy in a research report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2.57.

Ur Energy Stock Performance

The firm has a market cap of $766.85 million, a PE ratio of -8.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The stock has a 50-day moving average price of $1.65 and a 200 day moving average price of $1.57.

Insider Transactions at Ur Energy

In other news, VP Jade Walle purchased 107,900 shares of the stock in a transaction on Wednesday, March 18th. The stock was purchased at an average price of $1.39 per share, with a total value of $149,981.00. Following the completion of the transaction, the vice president owned 251,900 shares in the company, valued at approximately $350,141. The trade was a 74.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.63% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

A number of institutional investors have recently added to or reduced their stakes in URG. Van ECK Associates Corp purchased a new stake in Ur Energy during the fourth quarter valued at about $28,361,000. The Manufacturers Life Insurance Company purchased a new stake in Ur Energy during the fourth quarter valued at about $21,683,000. CenterBook Partners LP grew its position in Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after acquiring an additional 6,458,113 shares during the period. Alps Advisors Inc. grew its position in Ur Energy by 11.8% during the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock valued at $60,922,000 after acquiring an additional 4,628,176 shares during the period. Finally, Citadel Advisors LLC grew its position in Ur Energy by 1,111.5% during the third quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock valued at $7,748,000 after acquiring an additional 3,971,261 shares during the period. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.?based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.