Ur-Energy (TSE:URE) Sets New 52-Week Low – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$1.30 and last traded at C$1.32, with a volume of 66,193 shares trading hands. The stock had previously closed at C$1.44.

Wall Street Analyst Weigh In

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

Ur-Energy Price Performance

The stock’s fifty day moving average price is C$1.78 and its two-hundred day moving average price is C$2.00. The firm has a market capitalization of C$525.18 million, a price-to-earnings ratio of -5.74, a price-to-earnings-growth ratio of -0.81 and a beta of 1.18. The company has a current ratio of 4.00, a quick ratio of 4.64 and a debt-to-equity ratio of 103.29.

Insider Transactions at Ur-Energy

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

About Ur-Energy

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.