Ur-Energy (TSE:URE) Shares Up 5.4% – Time to Buy?

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price shot up 5.4% during trading on Tuesday . The company traded as high as C$2.39 and last traded at C$2.35. 849,196 shares were traded during trading, an increase of 92% from the average session volume of 442,186 shares. The stock had previously closed at C$2.23.

Analyst Upgrades and Downgrades

URE has been the subject of a number of recent research reports. Canaccord Genuity Group upgraded shares of Ur-Energy to a “strong-buy” rating in a research note on Thursday, April 2nd. B. Riley Financial raised shares of Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Ur-Energy Stock Performance

The company has a market cap of C$933.73 million, a price-to-earnings ratio of -9.79, a price-to-earnings-growth ratio of -0.81 and a beta of 0.27. The firm has a 50-day simple moving average of C$2.23 and a 200 day simple moving average of C$2.14. The company has a quick ratio of 4.64, a current ratio of 4.44 and a debt-to-equity ratio of 83.56.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its earnings results on Friday, May 8th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$5.43 million during the quarter. Ur-Energy had a negative net margin of 297.81% and a negative return on equity of 105.08%. On average, sell-side analysts predict 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.