Ur-Energy (TSE:URE) Shares Climb 8.7% – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares rose 8.7% on Wednesday. The company traded as high as C$1.26 and last traded at C$1.25. Approximately 262,994 shares were traded during mid-day trading, a decline of 32% from the average session volume of 386,209 shares. The stock had previously closed at C$1.15.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised shares of Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Ur-Energy Stock Down 7.3%

The stock has a 50-day simple moving average of C$1.67 and a two-hundred day simple moving average of C$1.95. The company has a quick ratio of 4.64, a current ratio of 4.00 and a debt-to-equity ratio of 103.29. The firm has a market cap of C$456.93 million, a PE ratio of -5.00, a P/E/G ratio of -0.81 and a beta of 1.18.

Insider Activity

In other news, insider Jade Walle acquired 96,030 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was purchased at an average cost of C$1.58 per share, for a total transaction of C$151,727.40. Following the acquisition, the insider owned 423,511 shares of the company’s stock, valued at C$669,147.38. This trade represents a 29.32% increase in their ownership of the stock. In the last three months, insiders bought 172,137 shares of company stock valued at $287,848. 1.34% of the stock is currently owned by corporate insiders.

About Ur-Energy

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.