Insider Selling: Ur Energy (NYSEAMERICAN:URG) Director Sells 50,000 Shares of Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director Gary Huber sold 50,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $1.29, for a total transaction of $64,500.00. Following the completion of the transaction, the director directly owned 427,695 shares in the company, valued at $551,726.55. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ur Energy Price Performance

URG traded up $0.01 during trading on Wednesday, hitting $1.31. 4,049,112 shares of the company traded hands, compared to its average volume of 6,591,157. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The company has a market cap of $492.36 million, a PE ratio of -7.71 and a beta of 0.96. The stock’s 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $1.26. Ur Energy Inc has a 1 year low of $0.55 and a 1 year high of $2.35.

Analysts Set New Price Targets

A number of brokerages recently commented on URG. B. Riley increased their price target on Ur Energy from $2.00 to $2.50 and gave the company a “buy” rating in a research note on Thursday, September 25th. HC Wainwright decreased their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Northland Capmk upgraded Ur Energy to a “strong-buy” rating in a research report on Sunday, October 26th. Northland Securities started coverage on shares of Ur Energy in a research report on Monday, October 27th. They issued an “outperform” rating and a $2.15 price target on the stock. Finally, Maxim Group assumed coverage on shares of Ur Energy in a research note on Friday, July 25th. They set a “buy” rating and a $3.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $2.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stratos Wealth Advisors LLC purchased a new stake in shares of Ur Energy in the third quarter valued at $32,000. Alps Advisors Inc. boosted its stake in shares of Ur Energy by 1.6% during the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after purchasing an additional 624,842 shares during the period. Old West Investment Management LLC grew its holdings in Ur Energy by 63.1% during the 3rd quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 10,660 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Ur Energy by 23.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,000 shares of the basic materials company’s stock worth $654,000 after purchasing an additional 70,000 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Ur Energy in the 3rd quarter worth about $390,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

About Ur Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.