Ur Energy (NYSEAMERICAN:URG) Trading Down 1% – Should You Sell?

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) traded down 1% during trading on Thursday . The stock traded as low as $1.90 and last traded at $1.91. 8,758,278 shares were traded during mid-day trading, a decline of 2% from the average session volume of 8,956,659 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on URG shares. Northland Securities initiated coverage on Ur Energy in a report on Monday, October 27th. They issued an “outperform” rating and a $2.15 target price on the stock. HC Wainwright cut their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, Ur Energy has a consensus rating of “Buy” and an average price target of $2.41.

Ur Energy Stock Down 2.1%

The business’s 50 day simple moving average is $1.47 and its 200 day simple moving average is $1.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.85 and a quick ratio of 5.89. The company has a market capitalization of $706.69 million, a PE ratio of -8.50 and a beta of 0.81.

Insider Buying and Selling

In related news, insider Penne A. Goplerud sold 226,630 shares of Ur Energy stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $1.29, for a total transaction of $292,352.70. Following the completion of the transaction, the insider directly owned 430,608 shares in the company, valued at $555,484.32. The trade was a 34.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jade Walle purchased 144,000 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $1.27 per share, with a total value of $182,880.00. Following the transaction, the vice president owned 144,000 shares of the company’s stock, valued at $182,880. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 590,660 shares of company stock valued at $760,407 in the last quarter. Corporate insiders own 1.86% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

Several hedge funds have recently bought and sold shares of URG. Vanguard Personalized Indexing Management LLC boosted its stake in Ur Energy by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock worth $36,000 after buying an additional 8,879 shares in the last quarter. Old West Investment Management LLC grew its position in Ur Energy by 63.1% during the 3rd quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 10,660 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Ur Energy by 52.3% during the third quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock valued at $77,000 after buying an additional 14,755 shares during the last quarter. Bravias Capital Group LLC bought a new position in shares of Ur Energy during the 3rd quarter valued at $27,000. Finally, Stratos Wealth Advisors LLC purchased a new position in shares of Ur Energy during the 3rd quarter worth $32,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

About Ur Energy

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.