Ur-Energy Inc. (URG) Cut to Strong Sell at Zacks Investment Research
Ur-Energy Inc. (NYSEMKT:URG) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “UR-ENERGY INC., is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Ur-Energy has a registered office in Ottawa, Canada and its corporate headquarters are located in Littleton, Colorado. “
URG has been the subject of a number of other reports. FBR & Co started coverage on Ur-Energy in a research report on Friday, September 2nd. They issued an “outperform” rating and a $1.00 target price for the company. Roth Capital set a $2.00 target price on Ur-Energy and gave the company a “buy” rating in a research report on Monday.
Ur-Energy (NYSEMKT:URG) opened at 0.48 on Wednesday. Ur-Energy has a 12 month low of $0.44 and a 12 month high of $0.73. The stock’s market capitalization is $68.93 million. The company’s 50-day moving average price is $0.50 and its 200 day moving average price is $0.53.
Ur-Energy (NYSEMKT:URG) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, analysts forecast that Ur-Energy will post ($0.02) earnings per share for the current fiscal year.
Ur-Energy Company Profile
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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