Ur Energy (NYSEAMERICAN:URG) Posts Quarterly Earnings Results, Hits Expectations

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) released its quarterly earnings results on Monday. The basic materials company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04), FiscalAI reports. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. The firm had revenue of $12.43 million during the quarter, compared to analyst estimates of $14.37 million.

Ur Energy Price Performance

NYSEAMERICAN:URG traded up $0.06 during trading hours on Monday, hitting $0.81. 11,393,417 shares of the stock traded hands, compared to its average volume of 9,440,484. The company has a market cap of $321.98 million, a price-to-earnings ratio of -3.67 and a beta of 1.21. Ur Energy has a 1 year low of $0.68 and a 1 year high of $2.15. The stock has a 50 day moving average price of $1.06 and a 200 day moving average price of $1.42. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Insider Transactions at Ur Energy

In other news, Director Thomas H. Parker sold 87,858 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the sale, the director directly owned 580,884 shares of the company’s stock, valued at $859,708.32. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Roger L. Smith sold 103,536 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.43, for a total transaction of $148,056.48. Following the sale, the chief financial officer owned 651,562 shares in the company, valued at $931,733.66. The trade was a 13.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders bought 182,137 shares of company stock valued at $221,773 and sold 587,005 shares valued at $838,231. 1.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. HC Wainwright decreased their price target on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, B. Riley Financial dropped their price target on shares of Ur Energy from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Five analysts have rated the stock with a Buy rating. According to MarketBeat, Ur Energy has an average rating of “Buy” and an average price target of $2.23.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.