Ur-Energy (TSE:URE) Sets New 1-Year Low – Here’s What Happened

Ur-Energy Inc. (TSE:URE – Get Free Report) (NYSE:URG)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$1.59 and last traded at C$1.60, with a volume of 175986 shares changing hands. The stock had previously closed at C$1.60.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised shares of Ur-Energy to a “moderate buy” rating in a research report on Monday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Check Out Our Latest Research Report on URE

Ur-Energy Price Performance

The firm has a market cap of C$636.58 million, a P/E ratio of -6.96, a P/E/G ratio of -0.81 and a beta of 0.69. The company has a current ratio of 4.00, a quick ratio of 4.64 and a debt-to-equity ratio of 103.29. The business has a 50-day moving average price of C$1.83 and a 200-day moving average price of C$2.04.

Insider Activity

In other news, insider Jade Walle acquired 96,030 shares of Ur-Energy stock in a transaction dated Thursday, September 24th. The stock was purchased at an average cost of C$1.58 per share, for a total transaction of C$151,727.40. Following the completion of the purchase, the insider directly owned 423,511 shares in the company, valued at C$669,147.38. This trade represents a 29.32% increase in their position. Over the last 90 days, insiders acquired 172,137 shares of company stock valued at $287,848. 1.34% of the stock is owned by corporate insiders.

Ur-Energy Company Profile

(Get Free Report)

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.

Further Reading

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