Ur-Energy (TSE:URE) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Ur-Energy Inc. (TSE:URE) (NYSE:URG) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.87 and traded as high as C$1.96. Ur-Energy shares last traded at C$1.89, with a volume of 199,169 shares.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Royal Bank Of Canada upgraded shares of Ur-Energy to a “moderate buy” rating in a report on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Ur-Energy Stock Down 2.1%

The firm has a 50-day simple moving average of C$1.87 and a 200 day simple moving average of C$2.08. The company has a debt-to-equity ratio of 103.29, a current ratio of 4.00 and a quick ratio of 4.64. The company has a market capitalization of C$751.96 million, a PE ratio of -8.22, a price-to-earnings-growth ratio of -0.81 and a beta of 0.69.

About Ur-Energy

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.