Ur Energy (NYSEAMERICAN:URG) Stock Price Up 8% on Insider Buying Activity

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) traded up 8% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as $1.48 and last traded at $1.4250. 4,617,187 shares were traded during mid-day trading, a decline of 50% from the average session volume of 9,230,845 shares. The stock had previously closed at $1.32.

Specifically, VP Jade Walle purchased 107,900 shares of Ur Energy stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the transaction, the vice president directly owned 251,900 shares in the company, valued at $350,141. This represents a 74.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price objective on Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, Ur Energy has a consensus rating of “Buy” and a consensus target price of $2.35.

Ur Energy Stock Up 8.0%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.56 and a current ratio of 5.44. The company’s 50-day moving average price is $1.67 and its 200 day moving average price is $1.56. The stock has a market capitalization of $548.58 million, a P/E ratio of -7.17 and a beta of 0.78.

Hedge Funds Weigh In On Ur Energy

Large investors have recently made changes to their positions in the business. Old West Investment Management LLC grew its position in shares of Ur Energy by 63.1% during the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 10,660 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Ur Energy by 96.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 14,500 shares during the period. Raymond James Financial Inc. lifted its holdings in Ur Energy by 52.3% in the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 14,755 shares in the last quarter. Bravias Capital Group LLC bought a new position in Ur Energy in the 3rd quarter worth approximately $27,000. Finally, Stratos Wealth Advisors LLC bought a new position in Ur Energy in the 3rd quarter worth approximately $32,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

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.