Ur-Energy Inc. (URG) Short Interest Down 6.4% in January
Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 3,629,358 shares, a decrease of 6.4% from the January 12th total of 3,876,205 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 396,590 shares, the days-to-cover ratio is presently 9.2 days.
Ur-Energy (URG) traded down $0.01 during trading on Friday, hitting $0.66. 314,541 shares of the stock traded hands, compared to its average volume of 428,148. The stock has a market cap of $98.96, a PE ratio of 33.50 and a beta of 0.88. Ur-Energy has a 12-month low of $0.50 and a 12-month high of $0.91.
In other Ur-Energy news, insider Jeffrey T. Klenda sold 100,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $0.71, for a total value of $71,000.00. Following the sale, the insider now directly owns 2,692,981 shares in the company, valued at approximately $1,912,016.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Macdonell sold 68,763 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $0.69, for a total transaction of $47,446.47. The disclosure for this sale can be found here.
Several analysts have issued reports on URG shares. Roth Capital set a $2.00 target price on shares of Ur-Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. HC Wainwright set a $2.00 target price on shares of Ur-Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Ur-Energy from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Thursday, October 19th. B. Riley reiterated a “buy” rating on shares of Ur-Energy in a research note on Monday, November 6th. Finally, ValuEngine cut shares of Ur-Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Ur-Energy currently has an average rating of “Buy” and an average price target of $1.38.
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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