Ur-Energy (TSE:URE) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Ur-Energy Inc. (TSE:URE) (NYSE:URG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.20 and traded as low as C$1.82. Ur-Energy shares last traded at C$1.83, with a volume of 186,243 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on URE. B. Riley Financial upgraded Ur-Energy to a “strong-buy” rating in a report on Thursday, May 14th. Canaccord Genuity Group upgraded shares of Ur-Energy to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada raised Ur-Energy to a “moderate buy” rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Ur-Energy currently has a consensus rating of “Strong Buy”.

Ur-Energy Price Performance

The firm has a fifty day moving average of C$2.08 and a 200 day moving average of C$2.20. The company has a current ratio of 4.44, a quick ratio of 4.64 and a debt-to-equity ratio of 83.56. The company has a market capitalization of C$691.36 million, a P/E ratio of -7.25, a P/E/G ratio of -0.81 and a beta of 0.32.

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

About Ur-Energy

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.