John Cash Sells 77,751 Shares of Ur Energy (NYSEAMERICAN:URG) Stock

by · The Cerbat Gem

Ur Energy Inc (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) Director John Cash sold 77,751 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1.41, for a total transaction of $109,628.91. Following the transaction, the director directly owned 696,264 shares in the company, valued at approximately $981,732.24. The trade was a 10.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ur Energy Trading Up 3.5%

Shares of URG stock traded up $0.05 during trading on Tuesday, hitting $1.48. 7,872,179 shares of the stock traded hands, compared to its average volume of 9,526,240. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. The firm’s fifty day moving average price is $1.34 and its 200-day moving average price is $1.52. The firm has a market capitalization of $588.14 million, a P/E ratio of -6.73 and a beta of 0.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25.

Ur Energy (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) last issued its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.The company had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. As a group, research analysts forecast that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on URG shares. Roth Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. Royal Bank Of Canada dropped their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. HC Wainwright decreased their price objective on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, Northland Securities set a $2.35 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $2.32.

Get Our Latest Stock Analysis on Ur Energy

Institutional Investors Weigh In On Ur Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URG. CTC Alternative Strategies Ltd. acquired a new position in shares of Ur Energy in the 1st quarter valued at $31,000. AXQ Capital LP acquired a new stake in shares of Ur Energy during the second quarter worth about $31,000. TD Waterhouse Canada Inc. boosted its stake in shares of Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after buying an additional 19,700 shares during the period. Gabelli Funds LLC purchased a new position in shares of Ur Energy during the third quarter worth about $36,000. Finally, Earned Wealth Advisors LLC purchased a new position in shares of Ur Energy during the first quarter worth about $37,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

About Ur Energy

(Get Free Report)

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.

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