Ur Energy (NYSEAMERICAN:URG) Hits New 52-Week High – Here’s What Happened

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $1.78 and last traded at $1.75, with a volume of 12388679 shares trading hands. The stock had previously closed at $1.63.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Roth Capital upped their price target on Ur Energy from $1.60 to $1.80 and gave the stock a “buy” rating in a research note on Tuesday. B. Riley increased their price target on shares of Ur Energy from $2.00 to $2.50 and gave the company a “buy” rating in a report on Thursday. Finally, Maxim Group began coverage on Ur Energy in a research note on Friday, July 25th. They set a “buy” rating and a $3.00 target price on the stock. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $2.44.

Ur Energy Stock Performance

The business’s fifty day moving average is $1.39 and its 200-day moving average is $1.04. The company has a market cap of $646.32 million, a PE ratio of -10.35 and a beta of 0.98. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In other news, Director Robby Sai Kit Chang sold 213,914 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $1.75, for a total transaction of $374,349.50. Following the sale, the director directly owned 84,179 shares of the company’s stock, valued at $147,313.25. This represents a 71.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Hatten sold 198,618 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $1.34, for a total transaction of $266,148.12. Following the sale, the chief operating officer directly owned 324,775 shares in the company, valued at approximately $435,198.50. The trade was a 37.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 664,619 shares of company stock valued at $1,064,004. Corporate insiders own 1.86% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

A number of hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC grew its position in Ur Energy by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 8,879 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ur Energy by 7.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 300,000 shares of the basic materials company’s stock worth $314,000 after buying an additional 20,000 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Ur Energy by 51.3% in the 1st quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 25,786 shares during the last quarter. Sprott Inc. lifted its stake in Ur Energy by 18.5% in the first quarter. Sprott Inc. now owns 202,854 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 31,710 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Ur Energy during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

About Ur Energy

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 35,400 acres located in the Great Divide Basin, Wyoming.