Ur Energy Inc $URG Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. trimmed its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 16.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,084,310 shares of the basic materials company’s stock after selling 2,115,169 shares during the quarter. Ur Energy accounts for 11.3% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 2nd biggest holding. Azarias Capital Management L.P.’s holdings in Ur Energy were worth $11,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URG. CTC Alternative Strategies Ltd. purchased a new stake in shares of Ur Energy in the first quarter worth approximately $31,000. AXQ Capital LP bought a new stake in shares of Ur Energy during the 2nd quarter worth $31,000. Pacer Advisors Inc. lifted its position in Ur Energy by 2.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,220,144 shares of the basic materials company’s stock worth $1,818,000 after acquiring an additional 24,386 shares during the last quarter. Earned Wealth Advisors LLC acquired a new position in shares of Ur Energy during the 1st quarter worth about $37,000. Finally, Legal & General Group Plc acquired a new position in shares of Ur Energy during the 2nd quarter worth about $50,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Roger L. Smith sold 103,536 shares of Ur Energy stock in a transaction dated 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 directly owned 651,562 shares of the company’s stock, valued at $931,733.66. This trade represents a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robby Sai Kit Chang sold 75,588 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1.41, for a total value of $106,579.08. Following the transaction, the director owned 96,449 shares in the company, valued at $135,993.09. This represents a 43.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 182,137 shares of company stock valued at $221,773 and have sold 587,005 shares valued at $838,231. Corporate insiders own 1.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on URG shares. Royal Bank Of Canada decreased their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research note on Monday, August 17th. HC Wainwright dropped their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $2.28.

Ur Energy Stock Performance

NYSEAMERICAN:URG traded down $0.06 during trading hours on Wednesday, hitting $0.83. 14,996,007 shares of the company traded hands, compared to its average volume of 9,144,379. The stock has a market capitalization of $331.83 million, a price-to-earnings ratio of -3.78 and a beta of 1.15. Ur Energy Inc has a twelve month low of $0.81 and a twelve month high of $2.35. The firm has a 50-day moving average of $1.27 and a 200 day moving average of $1.43. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02.

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 company had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. On average, analysts forecast that Ur Energy Inc will post -0.16 EPS for the current year.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on advancing and operating in situ recovery uranium projects in the United States. The company produces uranium concentrate, commonly known as yellowcake or U₃O₈, for use as fuel in nuclear power generation.

Ur-Energy’s principal operating asset is the Lost Creek project in the Great Divide Basin of Wyoming. Lost Creek uses in situ recovery technology, which involves circulating a solution through uranium-bearing formations to dissolve and recover uranium without conventional open-pit or underground mining.