Insider Selling: Ur-Energy Inc. (NYSEAMERICAN:URG) Director Sells $101,394.12 in Stock

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) Director Robby Sai Kit Chang sold 73,474 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $1.38, for a total transaction of $101,394.12. Following the completion of the sale, the director now owns 73,572 shares of the company’s stock, valued at approximately $101,529.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robby Sai Kit Chang also recently made the following trade(s):

• On Thursday, June 20th, Robby Sai Kit Chang sold 60,100 shares of Ur-Energy stock. The shares were sold at an average price of $1.47, for a total value of $88,347.00.

Ur-Energy Price Performance

URG opened at $1.42 on Friday. Ur-Energy Inc. has a 52 week low of $0.91 and a 52 week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Monday, May 6th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 61.67% and a negative net margin of 173.40%. On average, equities analysts forecast that Ur-Energy Inc. will post -0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ur-Energy

Institutional investors have recently added to or reduced their stakes in the business. Azarias Capital Management L.P. boosted its stake in Ur-Energy by 13.2% in the 4th quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock worth $22,205,000 after buying an additional 1,686,286 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Ur-Energy by 707,496.3% during the 3rd quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock worth $863,000 after acquiring an additional 565,997 shares during the period. Jump Financial LLC purchased a new position in shares of Ur-Energy during the 4th quarter worth about $109,000. Alps Advisors Inc. boosted its position in shares of Ur-Energy by 20.5% in the third quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock worth $28,258,000 after acquiring an additional 3,118,647 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Ur-Energy by 8.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock valued at $23,892,000 after purchasing an additional 1,260,419 shares during the period. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. HC Wainwright dropped their target price on shares of Ur-Energy from $3.40 to $3.30 and set a “buy” rating for the company in a report on Wednesday, May 8th. Roth Mkm reduced their price objective on Ur-Energy from $2.20 to $2.10 and set a “buy” rating for the company in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2.80.

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.