Insider Buying: Ur Energy (NYSEAMERICAN:URG) VP Purchases $97,499.49 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) VP Jade Walle acquired 75,581 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $1.29 per share, with a total value of $97,499.49. Following the transaction, the vice president directly owned 327,481 shares of the company’s stock, valued at approximately $422,450.49. This represents a 30.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $1.22 on Friday. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $484.82 million, a price-to-earnings ratio of -5.55 and a beta of 0.94. The firm’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.48. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35.

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

Institutional Trading of Ur Energy

Several large investors have recently modified their holdings of the business. Tidal Investments LLC lifted its stake in shares of Ur Energy by 10,309.6% in the second quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company’s stock worth $2,607,000 after acquiring an additional 1,898,522 shares in the last quarter. GFG Capital LLC acquired a new stake in Ur Energy during the 2nd quarter valued at approximately $61,000. AXQ Capital LP acquired a new stake in Ur Energy during the 2nd quarter valued at approximately $31,000. Van ECK Associates Corp purchased a new stake in Ur Energy during the 2nd quarter worth approximately $31,875,000. Finally, Bank of America Corp DE purchased a new stake in Ur Energy during the 2nd quarter worth approximately $757,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. HC Wainwright dropped their target price on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Royal Bank Of Canada decreased their price target on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. Two equities research 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.com, the company has an average rating of “Buy” and an average price target of $2.32.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company’s activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy’s primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming’s Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.