Ur-Energy (TSE:URE) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.15 and traded as high as C$2.47. Ur-Energy shares last traded at C$2.24, with a volume of 618,411 shares traded.

Wall Street Analyst Weigh In

Separately, Northland Securities upgraded Ur-Energy to a “strong-buy” rating in a research report on Sunday, October 26th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Ur-Energy Trading Down 7.4%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.64 and a current ratio of 16.78. The firm has a market cap of C$842.72 million, a price-to-earnings ratio of -10.18, a PEG ratio of -0.81 and a beta of 0.65. The business has a fifty day simple moving average of C$2.15 and a 200-day simple moving average of C$2.07.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its quarterly earnings results on Monday, November 3rd. The company reported C($0.07) EPS for the quarter. Ur-Energy had a negative net margin of 234.02% and a negative return on equity of 38.84%. The firm had revenue of C$6.32 million for the quarter. As a group, equities analysts forecast that Ur-Energy Inc. will post 0.0273858 earnings per share 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.