Ur-Energy (TSE:URE) Stock Price Up 8.7% – What’s Next?

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shot up 8.7% during mid-day trading on Wednesday. The company traded as high as C$1.26 and last traded at C$1.25. Approximately 262,994 shares were traded during mid-day trading, a decline of 32% from the average session volume of 386,209 shares. The stock had previously closed at C$1.15.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised Ur-Energy to a “moderate buy” rating in a report on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Ur-Energy Stock Up 11.3%

The firm has a market capitalization of C$508.58 million, a PE ratio of -5.57, a PEG ratio of -0.81 and a beta of 1.18. The business’s 50 day simple moving average is C$1.70 and its 200 day simple moving average is C$1.97. The company has a current ratio of 4.00, a quick ratio of 4.64 and a debt-to-equity ratio of 103.29.

Insiders Place Their Bets

In related news, insider Jade Walle acquired 96,030 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were acquired at an average cost of C$1.58 per share, for a total transaction of C$151,727.40. Following the completion of the transaction, the insider directly owned 423,511 shares in the company, valued at approximately C$669,147.38. This trade represents a 29.32% increase in their position. Insiders purchased 172,137 shares of company stock worth $287,848 over the last quarter. 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.