Ur Energy (NYSEAMERICAN:URG) Trading Up 8% Following Insider Buying Activity

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) rose 8% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as $1.48 and last traded at $1.4250. Approximately 4,617,187 shares were traded during trading, a decline of 50% from the average daily volume of 9,230,845 shares. The stock had previously closed at $1.32.

Specifically, VP Jade Walle purchased 107,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $1.39 per share, with a total value of $149,981.00. Following the completion of the transaction, the vice president owned 251,900 shares of the company’s stock, valued at approximately $350,141. This trade represents a 74.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their price target on shares of Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2.35.

Ur Energy Price Performance

The company has a market cap of $558.21 million, a PE ratio of -7.25 and a beta of 0.78. The stock has a fifty day moving average price of $1.66 and a 200-day moving average price of $1.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 4.56.

Institutional Trading of Ur Energy

A number of institutional investors have recently bought and sold shares of the company. Bravias Capital Group LLC acquired a new position in Ur Energy in the 3rd quarter worth about $27,000. Stratos Wealth Advisors LLC bought a new stake in shares of Ur Energy in the 3rd quarter valued at approximately $32,000. TD Waterhouse Canada Inc. grew its stake in shares of Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after buying an additional 19,700 shares in the last quarter. Gabelli Funds LLC bought a new position in Ur Energy during the third quarter valued at approximately $36,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Ur Energy in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

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.