Ur Energy (NYSEAMERICAN:URG) Trading Up 8.7% – Should You Buy?

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) rose 8.7% during mid-day trading on Tuesday . The company traded as high as $1.57 and last traded at $1.5650. Approximately 3,313,691 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 9,141,025 shares. The stock had previously closed at $1.44.

Ur Energy Stock Performance

The stock has a market cap of $587.08 million, a PE ratio of -6.93 and a beta of 0.78. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $1.67 and a 200 day moving average of $1.56.

Institutional Investors Weigh In On Ur Energy

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Ur Energy by 382.9% during the first quarter. AQR Capital Management LLC now owns 130,294 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 103,315 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Ur Energy in the 2nd quarter valued at approximately $38,000. Fourth Sail Capital LP increased its holdings in shares of Ur Energy by 59.8% during the 2nd quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock worth $20,627,000 after buying an additional 7,348,764 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Ur Energy during the 2nd quarter worth approximately $327,000. Finally, SG Americas Securities LLC raised its position in shares of Ur Energy by 13.7% during the 2nd quarter. SG Americas Securities LLC now owns 349,023 shares of the basic materials company’s stock valued at $366,000 after buying an additional 41,932 shares during the period. Hedge funds and other institutional investors own 57.51% of the company’s stock.

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.