Ur Energy (NYSEAMERICAN:URG) Shares Down 7.5% – Here’s What Happened

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) was down 7.5% during mid-day trading on Monday . The company traded as low as $1.47 and last traded at $1.4803. Approximately 2,414,111 shares were traded during trading, a decline of 73% from the average daily volume of 8,899,508 shares. The stock had previously closed at $1.60.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered 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. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $2.35.

Ur Energy Stock Performance

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 stock has a market cap of $558.21 million, a P/E ratio of -7.25 and a beta of 0.78. The firm’s 50 day moving average is $1.68 and its 200 day moving average is $1.56.

Institutional Investors Weigh In On Ur Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URG. Van ECK Associates Corp acquired a new stake in Ur Energy in the fourth quarter worth about $28,361,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ur Energy during the fourth quarter valued at about $21,683,000. CenterBook Partners LP increased its holdings in shares of Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after acquiring an additional 6,458,113 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock valued at $60,922,000 after purchasing an additional 4,628,176 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Ur Energy by 1,111.5% in the 3rd quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock valued at $7,748,000 after purchasing an additional 3,971,261 shares during the last quarter. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

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.