Insider Selling: Ur Energy (NYSEAMERICAN:URG) Director Sells $130,029.84 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director Gary Huber sold 87,858 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the sale, the director directly owned 558,016 shares in the company, valued at $825,863.68. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ur Energy Price Performance

URG stock opened at $1.41 on Friday. The stock has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.51. The stock has a market cap of $560.32 million, a PE ratio of -6.41 and a beta of 0.95. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. Equities analysts forecast that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Royal Bank Of Canada reduced their target price on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. HC Wainwright decreased their target price on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Ur Energy presently has an average rating of “Buy” and an average price target of $2.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of URG. BlackRock Inc. bought a new position in Ur Energy during the second quarter worth about $38,936,000. Van ECK Associates Corp acquired a new position in shares of Ur Energy in the second quarter valued at approximately $31,875,000. The Manufacturers Life Insurance Company bought a new position in shares of Ur Energy during the second quarter worth approximately $22,602,000. The Manufacturers Life Insurance Company acquired a new stake in Ur Energy during the 4th quarter worth approximately $21,683,000. Finally, CenterBook Partners LP lifted its holdings in Ur Energy by 153.7% during the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after purchasing an additional 6,458,113 shares during the last quarter. Institutional investors 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.