Key Points
- Ur-Energy VP Jade Walle bought 96,556 shares at an average price of $1.14, investing approximately $110,074 and increasing her direct ownership by 29.48% to 424,037 shares.
- URG shares opened at $1.13, near their 52-week low of $1.12, while the company recently reported a quarterly loss of $0.04 per share despite revenue of $14.37 million.
- Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and a $2.28 target price; institutional investors own 57.51% of outstanding shares.
Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) VP Jade Walle bought 96,556 shares of the firm's stock in a transaction dated Thursday, September 24th. The stock was bought at an average cost of $1.14 per share, with a total value of $110,073.84. Following the transaction, the vice president directly owned 424,037 shares of the company's stock, valued at approximately $483,402.18. This trade represents a 29.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Jade Walle also recently made the following trade(s):
- On Friday, September 11th, Jade Walle purchased 75,581 shares of Ur Energy stock. The stock was bought at an average price of $1.29 per share, with a total value of $97,499.49.
Ur Energy Price Performance
Shares of NYSEAMERICAN:URG opened at $1.13 on Friday. The company has a market capitalization of $449.05 million, a price-to-earnings ratio of -5.14 and a beta of 0.94. The company has a 50 day moving average of $1.31 and a two-hundred day moving average of $1.47. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. 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 - Get Free Report) (TSE:URE) last posted 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). The firm had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. As a group, analysts forecast that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Royal Bank Of Canada cut their price objective on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a report on Monday, August 17th. HC Wainwright lowered their target price on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $2.28.
Check Out Our Latest Stock Report on URG
Hedge Funds Weigh In On Ur Energy
Several institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in shares of Ur Energy by 10,309.6% in the second quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company's stock worth $2,607,000 after buying an additional 1,898,522 shares during the last quarter. GFG Capital LLC acquired a new stake in Ur Energy in the second quarter valued at $61,000. AXQ Capital LP bought a new position in Ur Energy during the 2nd quarter valued at $31,000. Van ECK Associates Corp bought a new position in Ur Energy during the 2nd quarter valued at $31,875,000. Finally, Bank of America Corp DE acquired a new position in Ur Energy during the 2nd quarter worth $757,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.
Ur Energy Company Profile
(
Get Free Report)
Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company's activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.
Ur-Energy's primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming's Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.
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