Ur Energy (NYSEAMERICAN:URG) Shares Down 9.8% – Here’s What Happened

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) shares fell 9.8% during mid-day trading on Wednesday . The stock traded as low as $1.89 and last traded at $1.8950. 11,183,916 shares changed hands during trading, an increase of 20% from the average session volume of 9,354,620 shares. The stock had previously closed at $2.10.

Wall Street Analyst Weigh In

URG has been the subject of several analyst reports. HC Wainwright reissued a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Northland Securities set a $2.35 target price on shares of Ur Energy in a report on Tuesday, May 12th. Roth Mkm restated a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group started coverage on Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $2.57.

Ur Energy Stock Down 8.3%

The company has a market capitalization of $764.86 million, a PE ratio of -8.02 and a beta of 0.88. The company’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.56. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83.

Insider Activity at Ur Energy

In related news, VP Jade Walle bought 107,900 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the acquisition, the vice president owned 251,900 shares in the company, valued at $350,141. This trade represents a 74.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.63% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

Several large investors have recently added to or reduced their stakes in URG. Azarias Capital Management L.P. lifted its holdings in shares of Ur Energy by 3.3% in the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock worth $19,391,000 after buying an additional 445,857 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Ur Energy by 1.6% in 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. Simcoe Capital LLC purchased a new stake in shares of Ur Energy in the 4th quarter worth $2,173,000. Themes Management Co LLC purchased a new stake in shares of Ur Energy in the 4th quarter worth $568,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Ur Energy by 183.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 400,881 shares during the period. 57.51% of the stock is 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.