Ur-Energy (URG) Trading 6.5% Higher
Shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) traded up 6.5% during mid-day trading on Wednesday . The company traded as high as $0.83 and last traded at $0.82. 1,239,744 shares traded hands during mid-day trading, an increase of 105% from the average session volume of 604,029 shares. The stock had previously closed at $0.77.
A number of analysts have issued reports on the company. TheStreet lowered Ur-Energy from a “c” rating to a “d+” rating in a research report on Tuesday, July 31st. HC Wainwright set a $2.00 target price on Ur-Energy and gave the company a “buy” rating in a research report on Monday, July 30th. Finally, Zacks Investment Research lowered Ur-Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $1.58.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Friday, July 27th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $3.81 million for the quarter, compared to analyst estimates of $6.16 million. Ur-Energy had a negative return on equity of 27.83% and a negative net margin of 25.68%.
Ur-Energy Company Profile (NYSEAMERICAN:URG)
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.
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