Ur-Energy (TSE:URE) Shares Down 19.5% – Should You Sell?

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares traded down 19.5% during mid-day trading on Tuesday. The company traded as low as C$0.88 and last traded at C$0.91. Approximately 732,496 shares traded hands during trading, an increase of 91% from the average session volume of 382,708 shares. The stock had previously closed at C$1.13.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Ur-Energy Trading Down 15.9%

The company has a fifty day simple moving average of C$1.48 and a two-hundred day simple moving average of C$1.96. The company has a market capitalization of C$377.97 million, a P/E ratio of -4.13, a price-to-earnings-growth ratio of -0.81 and a beta of 1.41. The company has a debt-to-equity ratio of 103.29, a current ratio of 4.00 and a quick ratio of 4.64.

Insider Activity at Ur-Energy

In related news, insider Jade Walle acquired 96,030 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were acquired at an average cost of C$1.58 per share, with a total value of C$151,727.40. Following the purchase, the insider owned 423,511 shares of the company’s stock, valued at approximately C$669,147.38. The trade was a 29.32% increase in their ownership of the stock. Over the last quarter, insiders bought 172,137 shares of company stock worth $287,848. Corporate insiders own 1.34% of the company’s stock.

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.