Insider Selling: Ur Energy (NYSEAMERICAN:URG) CFO Sells $148,056.48 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) CFO Roger Smith sold 103,536 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1.43, for a total transaction of $148,056.48. Following the sale, the chief financial officer owned 651,562 shares in the company, valued at approximately $931,733.66. This trade represents a 13.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ur Energy Trading Up 3.5%

URG stock traded up $0.05 during midday trading on Tuesday, hitting $1.48. The stock had a trading volume of 7,872,179 shares, compared to its average volume of 9,526,240. The company’s 50-day moving average price is $1.34 and its 200 day moving average price is $1.52. 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 $588.14 million, a PE ratio of -6.73 and a beta of 0.95. Ur Energy Inc has a 12-month low of $1.12 and a 12-month high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued 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). The business had revenue of $14.37 million for the quarter, compared to analysts’ expectations 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 research analysts predict that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

URG has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research note on Monday, August 17th. Northland Securities set a $2.35 target price on Ur Energy in a report on Tuesday, May 12th. HC Wainwright dropped their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, August 11th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Roth Capital reissued a “buy” rating and set a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Sei Investments Co. acquired a new position in Ur Energy in the first quarter worth about $2,439,000. Segra Capital Management LLC boosted its position in Ur Energy by 159,828.6% during the 1st quarter. Segra Capital Management LLC now owns 1,599,286 shares of the basic materials company’s stock valued at $2,383,000 after purchasing an additional 1,598,286 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in Ur Energy by 22.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,253,094 shares of the basic materials company’s stock worth $6,337,000 after buying an additional 785,173 shares during the period. HITE Hedge Asset Management LLC acquired a new position in shares of Ur Energy during the fourth quarter valued at $2,871,000. Finally, Simcoe Capital LLC bought a new stake in Ur Energy in the 4th quarter valued at about $2,173,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

About Ur Energy

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.