Ur-Energy (TSE:URE) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.20 and traded as low as C$1.90. Ur-Energy shares last traded at C$1.90, with a volume of 136,511 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on URE. Canaccord Genuity Group raised Ur-Energy to a “strong-buy” rating in a research report on Thursday, April 2nd. B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Ur-Energy presently has a consensus rating of “Strong Buy”.

Ur-Energy Price Performance

The company has a debt-to-equity ratio of 83.56, a current ratio of 4.44 and a quick ratio of 4.64. The stock has a market capitalization of C$754.93 million, a price-to-earnings ratio of -7.92, a PEG ratio of -0.81 and a beta of 0.32. The stock’s 50 day simple moving average is C$2.25 and its 200-day simple moving average is C$2.20.

Ur-Energy (TSE:URE) (NYSE:URG) last posted its earnings results on Friday, May 8th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$5.43 million during the quarter. Ur-Energy had a negative return on equity of 105.08% and a negative net margin of 297.81%. On average, analysts expect that Ur-Energy Inc. will post 0.0273858 EPS for the current fiscal year.

Ur-Energy Company Profile

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.