Ur Energy (NYSEAMERICAN:URG) CFO Sells 103,536 Shares

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) CFO Roger Smith sold 103,536 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1.43, for a total value of $148,056.48. Following the transaction, the chief financial officer directly owned 651,562 shares of the company’s stock, valued at approximately $931,733.66. This trade represents a 13.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ur Energy Price Performance

URG stock traded up $0.05 on Tuesday, reaching $1.48. 7,872,179 shares of the company’s stock were exchanged, compared to its average volume of 9,526,240. The stock has a fifty day moving average of $1.34 and a 200-day moving average of $1.52. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35. The firm has a market cap of $588.14 million, a PE ratio of -6.73 and a beta of 0.95. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS 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 analyst estimates of $14.36 million. As a group, equities analysts predict that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

URG has been the subject of a number of research analyst reports. Northland Securities set a $2.35 target price on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright lowered their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Royal Bank Of Canada decreased their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Finally, B. Riley Financial raised Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, Ur Energy currently has an average rating of “Buy” and a consensus target price of $2.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of URG. BlackRock Inc. purchased a new stake in shares of Ur Energy in the second quarter valued at $38,936,000. Van ECK Associates Corp purchased a new stake in Ur Energy during the 2nd quarter worth about $31,875,000. The Manufacturers Life Insurance Company acquired a new position in Ur Energy in the 2nd quarter valued at about $22,602,000. CenterBook Partners LP raised its stake in Ur Energy by 153.7% in the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after purchasing an additional 6,458,113 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock valued at $60,922,000 after purchasing an additional 4,628,176 shares in the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.