Ur Energy (NYSEAMERICAN:URG) Shares Up 14.3% – Should You Buy?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s share price shot up 14.3% during trading on Monday . The company traded as high as $1.75 and last traded at $1.7950. 2,050,936 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 9,357,980 shares. The stock had previously closed at $1.57.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URG. Roth Mkm reissued a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. Canaccord Genuity Group began coverage on Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 price target for the company. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, HC Wainwright reissued a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $2.57.

Ur Energy Price Performance

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 stock has a 50 day moving average of $1.67 and a 200-day moving average of $1.59. The stock has a market capitalization of $693.34 million, a P/E ratio of -7.27 and a beta of 0.88.

Insiders Place Their Bets

In other news, VP Jade Walle bought 107,900 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $1.39 per share, with a total value of $149,981.00. Following the transaction, the vice president directly owned 251,900 shares in the company, valued at approximately $350,141. This trade represents a 74.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in Ur Energy by 382.9% during the 1st quarter. AQR Capital Management LLC now owns 130,294 shares of the basic materials company’s stock valued at $88,000 after buying an additional 103,315 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Ur Energy during the 2nd quarter valued at about $38,000. Creative Planning acquired a new position in Ur Energy during the 2nd quarter valued at about $47,000. XTX Topco Ltd acquired a new position in Ur Energy during the 2nd quarter valued at about $160,000. Finally, Jump Financial LLC acquired a new position in Ur Energy during the 2nd quarter valued at about $73,000. 57.51% of the stock is 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.