Ur-Energy (TSE:URE) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.87 and traded as high as C$1.96. Ur-Energy shares last traded at C$1.89, with a volume of 199,169 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. B. Riley Financial raised shares of Ur-Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Ur-Energy Stock Down 3.3%

The firm has a 50 day simple moving average of C$1.87 and a two-hundred day simple moving average of C$2.08. The company has a debt-to-equity ratio of 103.29, a current ratio of 4.00 and a quick ratio of 4.64. The stock has a market cap of C$708.20 million, a price-to-earnings ratio of -7.74, a price-to-earnings-growth ratio of -0.81 and a beta of 0.69.

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.