Ur-Energy (TSE:URE) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.18 and traded as low as C$1.69. Ur-Energy shares last traded at C$1.75, with a volume of 235,779 shares.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on URE shares. Royal Bank Of Canada upgraded Ur-Energy to a “moderate buy” rating in a report on Monday, July 13th. Canaccord Genuity Group upgraded Ur-Energy to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Ur-Energy presently has an average rating of “Strong Buy”.

Ur-Energy Stock Performance

The company has a market cap of C$695.33 million, a P/E ratio of -7.29, a price-to-earnings-growth ratio of -0.81 and a beta of 0.32. The company’s 50-day moving average is C$2.03 and its two-hundred day moving average is C$2.18. The company has a quick ratio of 4.64, a current ratio of 4.44 and a debt-to-equity ratio of 83.56.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its quarterly earnings data on Friday, May 8th. The company reported C($0.10) EPS for the quarter. The company 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%. Equities analysts predict that Ur-Energy Inc. will post 0.0273858 EPS for the current 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.