Ur Energy (NYSEAMERICAN:URG) Announces Quarterly Earnings Results, Meets Estimates

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) issued its quarterly earnings results on Monday. The basic materials company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04), FiscalAI reports. The firm had revenue of $12.43 million during the quarter, compared to analyst estimates of $14.37 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%.

Ur Energy Trading Up 8.7%

Shares of Ur Energy stock traded up $0.06 during trading hours on Monday, hitting $0.81. The company’s stock had a trading volume of 11,378,863 shares, compared to its average volume of 9,440,484. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $321.98 million, a PE ratio of -3.67 and a beta of 1.21. The business has a fifty day moving average of $1.06 and a 200 day moving average of $1.42. Ur Energy has a 1-year low of $0.68 and a 1-year high of $2.15.

Insider Activity

In other Ur Energy news, Director Robby Sai Kit Chang sold 75,588 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1.41, for a total transaction of $106,579.08. Following the transaction, the director owned 96,449 shares in the company, valued at $135,993.09. The trade was a 43.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Roger L. Smith sold 103,536 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1.43, for a total value of $148,056.48. Following the completion of the sale, the chief financial officer owned 651,562 shares of the company’s stock, valued at approximately $931,733.66. This trade represents a 13.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 182,137 shares of company stock worth $221,773 and sold 587,005 shares worth $838,231. Company insiders own 1.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on URG. HC Wainwright decreased their price target on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. B. Riley Financial dropped their price objective on Ur Energy from $2.50 to $2.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, Royal Bank Of Canada cut their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Ur Energy presently has an average rating of “Buy” and an average price target of $2.23.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.