Insider Selling: Ur Energy (NYSEAMERICAN:URG) Director Sells 75,588 Shares

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director Robby Sai Kit Chang sold 75,588 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.41, for a total value of $106,579.08. Following the transaction, the director directly owned 96,449 shares in the company, valued at approximately $135,993.09. This represents a 43.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ur Energy Trading Up 3.5%

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

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $14.37 million for the quarter, compared to the consensus estimate of $14.36 million. On average, equities analysts predict that Ur Energy Inc will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Roth Capital reissued a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright cut their price objective 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. Finally, Royal Bank Of Canada reduced 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 note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $2.32.

Institutional Trading of Ur Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. AXQ Capital LP acquired a new stake in shares of Ur Energy in the 2nd quarter valued at approximately $31,000. Van ECK Associates Corp acquired a new position in Ur Energy during the second quarter valued at approximately $31,875,000. Bank of America Corp DE bought a new stake in Ur Energy in the second quarter valued at approximately $757,000. Legal & General Group Plc acquired a new stake in Ur Energy in the second quarter worth $50,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Ur Energy in the second quarter worth $22,602,000. 57.51% of the stock is owned by institutional investors.

About Ur Energy

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.