Ur Energy (NYSEAMERICAN:URG) Trading Down 9.2% – Here’s Why

Ur Energy Inc (NYSEAMERICAN:URGGet Free Report) (TSE:URE) traded down 9.2% on Thursday . The stock traded as low as $1.41 and last traded at $1.4250. 4,449,960 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 9,445,647 shares. The stock had previously closed at $1.57.

Ur Energy Stock Down 2.7%

The business’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $1.55. The stock has a market cap of $546.66 million, a price-to-earnings ratio of -6.45 and a beta of 0.78. The company has a current ratio of 7.85, a quick ratio of 5.89 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Ur Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new position in Ur Energy during the 2nd quarter worth approximately $240,000. Bailard Inc. acquired a new position in shares of Ur Energy in the 2nd quarter valued at $327,000. Fourth Sail Capital LP increased its position in shares of Ur Energy by 59.8% in the 2nd quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock valued at $20,627,000 after buying an additional 7,348,764 shares in the last quarter. Alps Advisors Inc. raised its stake in Ur Energy by 1.6% during the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after buying an additional 624,842 shares during the period. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in Ur Energy during the 2nd quarter worth $172,000. Institutional investors own 57.51% of the company’s stock.

About Ur Energy

(Get Free Report)

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.

Further Reading

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