HC Wainwright reaffirmed their buy rating on shares of Ur-Energy (TSE:URE – Get Rating) (NYSE:URG) in a report released on Wednesday morning, TipRanks reports. HC Wainwright currently has a C$3.00 price target on the stock.
Shares of TSE:URE opened at C$1.80 on Wednesday. The stock has a 50-day simple moving average of C$2.06 and a 200-day simple moving average of C$1.92. The stock has a market capitalization of C$394.64 million and a P/E ratio of -11.76. Ur-Energy has a 1 year low of C$1.28 and a 1 year high of C$2.72. The company has a debt-to-equity ratio of 17.79, a quick ratio of 7.42 and a current ratio of 7.81.
In other news, Director Jeffrey T. Klenda sold 239,422 shares of the stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of C$2.27, for a total value of C$542,626.02. Following the completion of the sale, the director now owns 2,838,321 shares of the company’s stock, valued at C$6,432,770.71.
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 48,000 acres located in the Great Divide Basin, Wyoming.
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