Ur Energy Inc $URG Shares Purchased by Azarias Capital Management L.P.

Azarias Capital Management L.P. boosted its position in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,950,155 shares of the basic materials company’s stock after purchasing an additional 445,857 shares during the period. Ur Energy makes up about 8.5% of Azarias Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Azarias Capital Management L.P. owned 3.69% of Ur Energy worth $19,391,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bravias Capital Group LLC acquired a new stake in shares of Ur Energy during the 3rd quarter valued at $27,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Ur Energy during the 3rd quarter valued at $32,000. Gabelli Funds LLC purchased a new stake in shares of Ur Energy in the third quarter valued at $36,000. Old West Investment Management LLC lifted its holdings in shares of Ur Energy by 63.1% in the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 10,660 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Ur Energy in the second quarter valued at $38,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Stock Down 3.8%

NYSEAMERICAN URG opened at $1.50 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.56 and a current ratio of 5.44. The firm has a 50-day simple moving average of $1.55 and a 200 day simple moving average of $1.56. Ur Energy Inc has a twelve month low of $0.60 and a twelve month high of $2.35. The stock has a market cap of $596.00 million, a PE ratio of -7.50 and a beta of 0.84.

Insider Buying and Selling

In related news, VP Jade Walle purchased 107,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of $1.39 per share, with a total value of $149,981.00. Following the purchase, the vice president directly owned 251,900 shares in the company, valued at $350,141. This represents a 74.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

URG has been the subject of a number of research analyst reports. HC Wainwright reduced their target price on Ur Energy from $2.60 to $2.30 and set a “buy” rating for the company in a report on Thursday, March 12th. Canaccord Genuity Group assumed coverage on shares of Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $2.50.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.