Ur-Energy (TSE:URE) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.31 and traded as high as C$2.46. Ur-Energy shares last traded at C$2.18, with a volume of 666,947 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on URE shares. B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Canaccord Genuity Group raised Ur-Energy to a “strong-buy” rating in a research note on Thursday, April 2nd. Four analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Ur-Energy Stock Down 5.2%

The stock has a 50 day moving average price of C$2.31 and a 200-day moving average price of C$2.20. The stock has a market capitalization of C$866.18 million, a P/E ratio of -9.08, a PEG ratio of -0.81 and a beta of 0.32. The company has a debt-to-equity ratio of 83.56, a current ratio of 4.44 and a quick ratio of 4.64.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its quarterly earnings data on Friday, May 8th. The company reported C($0.10) earnings per share (EPS) for the quarter. Ur-Energy had a negative net margin of 297.81% and a negative return on equity of 105.08%. The company had revenue of C$5.43 million for the quarter. As a group, research analysts expect that Ur-Energy Inc. will post 0.0273858 EPS for the current fiscal year.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.