Insider Buying: Ur Energy (NYSEAMERICAN:URG) General Counsel Buys $14,200.00 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) General Counsel David Ritchie bought 10,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $1.42 per share, with a total value of $14,200.00. Following the completion of the purchase, the general counsel owned 10,000 shares of the company’s stock, valued at approximately $14,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ur Energy Stock Up 0.7%

Shares of Ur Energy stock opened at $1.53 on Friday. The company has a market capitalization of $608.01 million, a P/E ratio of -6.95 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. The business has a 50-day moving average of $1.34 and a two-hundred day moving average of $1.52. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35.

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

Hedge Funds Weigh In On Ur Energy

A number of large investors have recently modified their holdings of URG. CTC Alternative Strategies Ltd. bought a new stake in Ur Energy during the first quarter worth about $31,000. AXQ Capital LP bought a new position in Ur Energy in the second quarter valued at approximately $31,000. TD Waterhouse Canada Inc. increased its position in shares of Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 19,700 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of Ur Energy during the 3rd quarter worth approximately $36,000. Finally, Earned Wealth Advisors LLC acquired a new position in shares of Ur Energy during the 1st quarter worth approximately $37,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Northland Securities set a $2.35 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Royal Bank Of Canada lowered their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. Roth Capital reiterated a “buy” rating and set a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, HC Wainwright cut their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $2.32.

Ur Energy Company Profile

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.