Ur-Energy (TSE:URE) Stock Price Up 5.4% – Here’s What Happened

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price shot up 5.4% during trading on Tuesday . The stock traded as high as C$2.39 and last traded at C$2.35. 849,196 shares were traded during trading, an increase of 92% from the average session volume of 442,186 shares. The stock had previously closed at C$2.23.

Analyst Upgrades and Downgrades

Several analysts have recently commented on URE shares. Canaccord Genuity Group upgraded shares of Ur-Energy to a “strong-buy” rating in a research note on Thursday, April 2nd. B. Riley Financial upgraded Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Four analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Ur-Energy presently has an average rating of “Strong Buy”.

Ur-Energy Stock Up 5.4%

The firm has a 50 day moving average of C$2.23 and a two-hundred day moving average of C$2.14. The company has a current ratio of 4.44, a quick ratio of 4.64 and a debt-to-equity ratio of 83.56. The stock has a market capitalization of C$933.73 million, a PE ratio of -9.79, a P/E/G ratio of -0.81 and a beta of 0.27.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its quarterly earnings results on Friday, May 8th. The company reported C($0.10) earnings per share for the quarter. Ur-Energy had a negative net margin of 297.81% and a negative return on equity of 105.08%. The firm had revenue of C$5.43 million during the quarter. Equities research analysts anticipate that Ur-Energy Inc. will post 0.0273858 earnings per share for the current year.

Ur-Energy Company Profile

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.