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

Ur-Energy Inc. (TSE:URE) (NYSE:URG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.15 and traded as low as C$1.87. Ur-Energy shares last traded at C$1.94, with a volume of 385,314 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on URE shares. 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 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 given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Ur-Energy Stock Performance

The business has a fifty day simple moving average of C$1.99 and a 200-day simple moving average of C$2.15. The company has a quick ratio of 4.64, a current ratio of 4.44 and a debt-to-equity ratio of 83.56. The firm has a market cap of C$770.82 million, a P/E ratio of -8.08, a P/E/G ratio of -0.81 and a beta of 0.31.

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. Ur-Energy had a negative net margin of 297.81% and a negative return on equity of 105.08%. The firm had revenue of C$5.43 million for the quarter. On average, sell-side analysts predict that Ur-Energy Inc. will post 0.0273858 EPS for the current fiscal 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.