CenterBook Partners LP Sells 5,003,373 Shares of Ur Energy Inc $URG

CenterBook Partners LP reduced its holdings in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 54.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,203,129 shares of the basic materials company’s stock after selling 5,003,373 shares during the period. CenterBook Partners LP’s holdings in Ur Energy were worth $7,524,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bravias Capital Group LLC acquired a new stake in Ur Energy in the 3rd quarter valued at $27,000. Stratos Wealth Advisors LLC bought a new position in shares of Ur Energy in the 3rd quarter valued at about $32,000. Vanguard Personalized Indexing Management LLC grew its holdings in Ur Energy by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 8,879 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Ur Energy in the 2nd quarter valued at $38,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Ur Energy in the second quarter valued at about $38,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

Insider Buying and Selling at Ur Energy

In other news, VP Jade Walle acquired 144,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of $1.27 per share, with a total value of $182,880.00. Following the completion of the purchase, the vice president directly owned 144,000 shares of the company’s stock, valued at $182,880. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.29% of the company’s stock.

Ur Energy Trading Down 2.5%

Shares of Ur Energy stock opened at $1.54 on Wednesday. The company has a market capitalization of $592.85 million, a price-to-earnings ratio of -7.00 and a beta of 0.82. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02. Ur Energy Inc has a 12-month low of $0.55 and a 12-month high of $2.35. The firm’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.52.

Analysts Set New Price Targets

URG has been the subject of several research reports. HC Wainwright reduced their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a report on Tuesday, November 4th. Northland Securities assumed coverage on shares of Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $2.41.

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.