Ur-Energy (TSE:URE) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.89 and traded as high as C$2.35. Ur-Energy shares last traded at C$2.29, with a volume of 352,123 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Northland Capmk upgraded shares of Ur-Energy to a “strong-buy” rating in a research report on Sunday, October 26th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Ur-Energy Stock Performance

The company has a market cap of C$861.53 million, a P/E ratio of -10.41, a P/E/G ratio of -0.81 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 16.78 and a quick ratio of 4.64. The business has a 50-day moving average of C$1.89 and a two-hundred day moving average of C$1.95.

Ur-Energy (TSE:URE) (NYSE:URG) last posted its quarterly earnings data on Monday, November 3rd. The company reported C($0.07) earnings per share for the quarter. Ur-Energy had a negative return on equity of 38.84% and a negative net margin of 234.02%.The business had revenue of C$6.32 million during the quarter. On average, sell-side analysts predict that Ur-Energy Inc. will post 0.0273858 EPS for the current fiscal year.

Ur-Energy Company Profile

Ur-Energy Inc is an exploration stage mining company. The company is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. Its projects are Lost Creek, Shirley Basin, and other U.S. Projects.