Ur-Energy (TSE:URE) Shares Down 19.5% – Should You Sell?

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares were down 19.5% during trading on Tuesday. The stock traded as low as C$0.88 and last traded at C$0.91. 732,496 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 382,708 shares. The stock had previously closed at C$1.13.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised shares of Ur-Energy to a “moderate buy” rating in a research report on Monday, July 13th. Two 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 has an average rating of “Strong Buy”.

Ur-Energy Price Performance

The company has a current ratio of 4.00, a quick ratio of 4.64 and a debt-to-equity ratio of 103.29. The stock has a 50-day simple moving average of C$1.48 and a 200 day simple moving average of C$1.96. The stock has a market capitalization of C$377.97 million, a price-to-earnings ratio of -4.13, a price-to-earnings-growth ratio of -0.81 and a beta of 1.41.

Insiders Place Their Bets

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

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.