Ur-Energy (TSE:URE) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Ur-Energy Inc. (TSE:URE) (NYSE:URG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.15 and traded as low as C$1.87. Ur-Energy shares last traded at C$1.94, with a volume of 385,314 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on URE. Royal Bank Of Canada upgraded Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

Ur-Energy Stock Up 4.9%

The company has a debt-to-equity ratio of 83.56, a quick ratio of 4.64 and a current ratio of 4.44. The firm has a market cap of C$770.82 million, a price-to-earnings ratio of -8.08, a PEG ratio of -0.81 and a beta of 0.31. The business’s 50 day moving average price is C$1.99 and its 200 day moving average price is C$2.15.

Ur-Energy (TSE:URE) (NYSE:URG) last posted its earnings results on Friday, May 8th. The company reported C($0.10) earnings per share (EPS) for the quarter. The firm had revenue of C$5.43 million during the quarter. Ur-Energy had a negative net margin of 297.81% and a negative return on equity of 105.08%. On average, equities analysts forecast that Ur-Energy Inc. will post 0.0273858 EPS for the current year.

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.