Ur Energy (NYSEAMERICAN:URG) Issues Quarterly Earnings Results

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) issued its earnings results on Monday. The basic materials company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04), FiscalAI reports. The firm had revenue of $12.43 million for the quarter, compared to the consensus estimate of $14.37 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.

Ur Energy Stock Up 8.7%

Shares of URG opened at $0.81 on Tuesday. The stock has a market capitalization of $321.98 million, a PE ratio of -3.67 and a beta of 1.21. Ur Energy has a 1 year low of $0.68 and a 1 year high of $2.15. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. The company’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.41.

Insider Transactions at Ur Energy

In other Ur Energy news, COO Steven M. Hatten sold 81,576 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $1.39, for a total transaction of $113,390.64. Following the completion of the transaction, the chief operating officer owned 345,764 shares in the company, valued at $480,611.96. The trade was a 19.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas H. Parker sold 87,858 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the transaction, the director owned 580,884 shares of the company’s stock, valued at approximately $859,708.32. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 182,137 shares of company stock valued at $221,773 and sold 587,005 shares valued at $838,231. 1.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on URG. HC Wainwright cut their price objective on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada decreased their price objective on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. Finally, B. Riley Financial lowered their target price on Ur Energy from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $2.23.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.