MMCAP International Inc. SPC Cuts Holdings in Ur Energy Inc $URG

MMCAP International Inc. SPC reduced its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 57.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,849,280 shares of the basic materials company’s stock after selling 5,155,464 shares during the period. MMCAP International Inc. SPC’s holdings in Ur Energy were worth $6,890,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Bravias Capital Group LLC purchased a new position in shares of Ur Energy in the 3rd quarter valued at about $27,000. Stratos Wealth Advisors LLC purchased a new position in Ur Energy during the third quarter worth approximately $32,000. Vanguard Personalized Indexing Management LLC grew its holdings in Ur Energy by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 8,879 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Ur Energy in the second quarter valued at approximately $38,000. Finally, Creative Planning purchased a new stake in shares of Ur Energy in the second quarter valued at approximately $47,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.62 on Monday. The stock has a market capitalization of $623.65 million, a P/E ratio of -7.36 and a beta of 0.82. The business has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.53. Ur Energy Inc has a 12 month low of $0.55 and a 12 month high of $2.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.85 and a quick ratio of 5.89.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on URG. Northland Securities initiated coverage on Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 target price on the stock. HC Wainwright reduced their price objective on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $2.41.

About Ur Energy

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.