Ur-Energy (TSE:URE) Shares Cross Above 50 Day Moving Average – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.87 and traded as high as C$2.00. Ur-Energy shares last traded at C$1.98, with a volume of 227,913 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on URE shares. B. Riley Financial upgraded Ur-Energy to a “strong-buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada upgraded Ur-Energy to a “moderate buy” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Ur-Energy Stock Performance

The stock has a market capitalization of C$747.98 million, a price-to-earnings ratio of -8.17, a P/E/G ratio of -0.81 and a beta of 0.31. The company has a debt-to-equity ratio of 103.29, a quick ratio of 4.64 and a current ratio of 4.00. The firm has a fifty day moving average of C$1.87 and a 200-day moving average of C$2.09.

Ur-Energy Company Profile

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.