Ur Energy (NYSEAMERICAN:URG) Trading Down 9.8% – Should You Sell?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s stock price fell 9.8% during trading on Wednesday . The company traded as low as $1.89 and last traded at $1.8950. 11,183,916 shares changed hands during trading, an increase of 20% from the average session volume of 9,354,620 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

A number of research firms have issued reports on URG. Northland Securities set a $2.35 price target on shares of Ur Energy in a report on Tuesday, May 12th. Roth Mkm reaffirmed a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. Canaccord Genuity Group assumed coverage on Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective for the company. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, HC Wainwright restated a “buy” rating and issued a $2.30 price objective on shares of Ur Energy in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.57.

Ur Energy Trading Down 8.3%

The company has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $1.56. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $764.86 million, a PE ratio of -8.02 and a beta of 0.88.

Insider Buying and Selling

In other news, VP Jade Walle bought 107,900 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of $1.39 per share, for a total transaction of $149,981.00. Following the acquisition, the vice president directly owned 251,900 shares of the company’s stock, valued at $350,141. The trade was a 74.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URG. CTC Alternative Strategies Ltd. purchased a new position in Ur Energy in the 1st quarter valued at approximately $31,000. Stratos Wealth Advisors LLC purchased a new position in shares of Ur Energy in the 3rd quarter valued at about $32,000. TD Waterhouse Canada Inc. boosted its stake in shares of Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after buying an additional 19,700 shares during the period. Gabelli Funds LLC purchased a new position in shares of Ur Energy in the 3rd quarter valued at about $36,000. Finally, Earned Wealth Advisors LLC purchased a new position in shares of Ur Energy in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

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.