Ur Energy (NYSEAMERICAN:URG) Trading 8% Higher After Insider Buying Activity

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) shares rose 8% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as $1.48 and last traded at $1.4250. Approximately 4,617,187 shares traded hands during trading, a decline of 50% from the average daily volume of 9,230,845 shares. The stock had previously closed at $1.32.

Specifically, VP Jade Walle bought 107,900 shares of the stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of $1.39 per share, with a total value of $149,981.00. Following the completion of the acquisition, the vice president owned 251,900 shares of the company’s stock, valued at $350,141. This represents a 74.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

Separately, HC Wainwright dropped their target price on shares of Ur Energy from $2.60 to $2.30 and set a “buy” rating for the company in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $2.35.

Ur Energy Stock Performance

The company has a market capitalization of $548.58 million, a P/E ratio of -7.17 and a beta of 0.78. The business has a 50 day moving average of $1.67 and a 200 day moving average of $1.56. The company has a quick ratio of 4.56, a current ratio of 5.44 and a debt-to-equity ratio of 0.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp purchased a new position in shares of Ur Energy in the fourth quarter valued at $28,361,000. The Manufacturers Life Insurance Company purchased a new stake in Ur Energy during the fourth quarter valued at $21,683,000. CenterBook Partners LP lifted its position in Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after purchasing an additional 6,458,113 shares during the last quarter. Alps Advisors Inc. lifted its position in Ur Energy by 11.8% during the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock valued at $60,922,000 after purchasing an additional 4,628,176 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Ur Energy by 1,111.5% in the 3rd quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock worth $7,748,000 after buying an additional 3,971,261 shares in the last quarter. 57.51% of the stock is currently 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.