Ur-Energy (TSE:URE) Stock Price Up 8.7% – Should You Buy?

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price was up 8.7% during mid-day trading on Wednesday. The stock traded as high as C$1.26 and last traded at C$1.25. Approximately 262,994 shares were traded during mid-day trading, a decline of 32% from the average session volume of 386,209 shares. The stock had previously closed at C$1.15.

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 analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Ur-Energy Price Performance

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 stock has a market capitalization of C$508.58 million, a P/E ratio of -5.57, a price-to-earnings-growth ratio of -0.81 and a beta of 1.18. The stock has a 50 day moving average of C$1.70 and a 200-day moving average of C$1.97.

Insiders Place Their Bets

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

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.