Brave Asset Management Inc. Invests $41,000 in Ur-Energy Inc. (NYSEAMERICAN:URG)

Brave Asset Management Inc. acquired a new stake in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,000 shares of the basic materials company’s stock, valued at approximately $41,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in URG. Bank of New York Mellon Corp acquired a new stake in Ur-Energy in the second quarter valued at approximately $1,099,000. Rhumbline Advisers purchased a new stake in shares of Ur-Energy during the 2nd quarter valued at $465,000. Goehring & Rozencwajg Associates LLC boosted its position in shares of Ur-Energy by 21.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock worth $4,104,000 after purchasing an additional 517,800 shares in the last quarter. Xponance Inc. purchased a new position in Ur-Energy during the 2nd quarter worth $25,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Ur-Energy during the 2nd quarter valued at about $150,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur-Energy Price Performance

Shares of URG opened at $1.14 on Thursday. Ur-Energy Inc. has a 1-year low of $0.96 and a 1-year high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $9.67 million. As a group, equities analysts expect that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and issued a $2.20 price target (up previously from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd.

Ur-Energy Profile

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.