Ur Energy (NYSEAMERICAN:URG) Stock Price Down 9.2% – Time to Sell?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s stock price dropped 9.2% on Thursday . The company traded as low as $1.41 and last traded at $1.4250. Approximately 4,449,960 shares were traded during trading, a decline of 53% from the average daily volume of 9,445,647 shares. The stock had previously closed at $1.57.

Ur Energy Price Performance

The company has a fifty day moving average of $1.67 and a 200-day moving average of $1.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.85 and a quick ratio of 5.89. The firm has a market cap of $546.66 million, a P/E ratio of -6.45 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in URG. Bravias Capital Group LLC bought a new stake in shares of Ur Energy during the 3rd quarter valued at $27,000. Stratos Wealth Advisors LLC bought a new stake in shares of Ur Energy in the 3rd quarter worth approximately $32,000. Gabelli Funds LLC purchased a new stake in shares of Ur Energy in the 3rd quarter worth approximately $36,000. TD Waterhouse Canada Inc. raised its position in shares of Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 19,700 shares during the last quarter. Finally, Old West Investment Management LLC lifted its holdings in shares of 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 buying an additional 10,660 shares during the period. 57.51% of the stock is owned by hedge funds and other institutional investors.

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.