Robby Sai Kit Chang Sells 75,588 Shares of Ur Energy (NYSEAMERICAN:URG) Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director Robby Sai Kit Chang sold 75,588 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.41, for a total transaction of $106,579.08. Following the completion of the transaction, the director owned 96,449 shares of the company’s stock, valued at approximately $135,993.09. This represents a 43.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ur Energy Price Performance

NYSEAMERICAN:URG opened at $1.52 on Thursday. The company has a 50-day moving average of $1.34 and a 200-day moving average of $1.52. The company has a market capitalization of $604.03 million, a price-to-earnings ratio of -6.91 and a beta of 0.95. Ur Energy Inc has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. As a group, equities research analysts anticipate that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.

Ur Energy News Summary

Here are the key news stories impacting Ur Energy this week:

• Positive Sentiment: General Counsel David A. Ritchie purchased 10,000 shares at approximately $1.42 each, establishing a new position. The purchase is a modestly positive signal of confidence, although it was much smaller than the insider sales. SEC filing
• Positive Sentiment: Analyst sentiment remains favorable, with URG carrying a consensus “Buy” rating and an average target of $2.32. However, recent target reductions from Royal Bank of Canada and HC Wainwright indicate some caution about the company’s near-term outlook.
• Positive Sentiment: Institutional ownership is a supportive factor: hedge funds and other institutions hold approximately 57.5% of the shares, while several large investors, including BlackRock, VanEck Associates and Manufacturers Life, recently initiated positions.
• Neutral Sentiment: Ur-Energy’s latest quarterly revenue of $14.37 million was essentially in line with estimates, but its $0.04-per-share loss was wider than the expected $0.03 loss. Analysts anticipate a full-year loss of approximately $0.16 per share, highlighting the company’s continuing lack of profitability.
• Negative Sentiment: CFO Roger L. Smith sold 103,536 shares for approximately $148,000, reducing his stake by 13.7%. Directors Robby Sai Kit Chang and John Cash also sold 75,588 and 77,751 shares, respectively, cutting their ownership by about 43.9% and 10.1%.
• Negative Sentiment: Directors Gary C. Huber and Thomas H. Parker each sold 87,858 shares at roughly $1.48, reducing their positions by 13.6% and 13.1%. Director Kathy Walker previously sold 72,838 shares, while the general counsel’s purchase was comparatively small. The cluster of insider sales may create near-term selling pressure. Insider trading report

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank Of Canada cut their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Roth Capital reissued a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright reduced their target price on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Finally, Northland Securities set a $2.35 target price on shares of Ur Energy in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $2.32.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. CTC Alternative Strategies Ltd. acquired a new position in shares of Ur Energy in the 1st quarter worth approximately $31,000. AXQ Capital LP acquired a new stake in Ur Energy during the 2nd quarter valued at $31,000. TD Waterhouse Canada Inc. raised its position in Ur Energy by 378.8% in the 4th 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 last quarter. Gabelli Funds LLC bought a new position in Ur Energy in the 3rd quarter valued at $36,000. Finally, Earned Wealth Advisors LLC acquired a new position in Ur Energy in the first quarter worth $37,000. Institutional investors own 57.51% of the company’s stock.

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.