Insider Selling: Ur Energy (NYSEAMERICAN:URG) Director Sells $109,628.91 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director John Cash sold 77,751 shares of Ur Energy stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1.41, for a total transaction of $109,628.91. Following the sale, the director owned 696,264 shares of the company’s stock, valued at approximately $981,732.24. This trade represents a 10.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $1.53 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. The firm has a market cap of $608.01 million, a PE ratio of -6.95 and a beta of 0.95. The firm has a 50 day simple moving average of $1.34 and a 200-day simple moving average of $1.52. Ur Energy Inc has a 1-year low of $1.12 and a 1-year high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. On average, equities analysts expect that Ur Energy Inc will post -0.16 EPS for the current year.

Institutional Trading of Ur Energy

A number of institutional investors have recently modified their holdings of URG. AXQ Capital LP acquired a new stake in Ur Energy during the 2nd quarter worth approximately $31,000. Van ECK Associates Corp acquired a new position in Ur Energy during the second quarter valued at approximately $31,875,000. Bank of America Corp DE acquired a new position in Ur Energy during the second quarter valued at approximately $757,000. Legal & General Group Plc acquired a new position in Ur Energy during the second quarter valued at approximately $50,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Ur Energy during the second quarter worth approximately $22,602,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on URG. HC Wainwright dropped their price target on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Northland Securities set a $2.35 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. Royal Bank Of Canada dropped their price objective on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. Roth Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Ur Energy has an average rating of “Buy” and a consensus target price of $2.32.

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.