Ur Energy (NYSEAMERICAN:URG) COO Steven Hatten Sells 81,576 Shares of Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) COO Steven Hatten sold 81,576 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $1.39, for a total transaction of $113,390.64. Following the completion of the sale, the chief operating officer owned 345,764 shares in the company, valued at $480,611.96. This represents a 19.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ur Energy Trading Up 0.7%

NYSEAMERICAN URG opened at $1.43 on Tuesday. Ur Energy Inc has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.52. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. The firm has a market cap of $568.27 million, a PE ratio of -6.50 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. The firm had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. As a group, sell-side analysts forecast that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on URG shares. HC Wainwright lowered their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a report on Tuesday, August 11th. Northland Securities set a $2.35 target price on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada dropped their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. Finally, Roth Capital reissued a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, Ur Energy presently has a consensus rating of “Buy” and an average price target of $2.32.

Institutional Trading of Ur Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. CTC Alternative Strategies Ltd. acquired a new stake in shares of Ur Energy in the first quarter worth $31,000. AXQ Capital LP acquired a new position in Ur Energy during the second quarter valued at $31,000. TD Waterhouse Canada Inc. lifted its position in Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares during the period. Gabelli Funds LLC purchased a new stake in Ur Energy in the third quarter valued at $36,000. Finally, Earned Wealth Advisors LLC purchased a new stake in Ur Energy in the first quarter valued at $37,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.