Simcoe Capital LLC Takes Position in Ur Energy Inc $URG

Simcoe Capital LLC acquired a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,563,258 shares of the basic materials company’s stock, valued at approximately $2,173,000. Ur Energy comprises about 2.0% of Simcoe Capital LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Azarias Capital Management L.P. lifted its position in shares of Ur Energy by 3.3% during the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock valued at $19,391,000 after acquiring an additional 445,857 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Ur Energy by 1.6% during the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock valued at $70,170,000 after acquiring an additional 624,842 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Ur Energy by 183.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock valued at $860,000 after purchasing an additional 400,881 shares during the period. Old West Investment Management LLC raised its stake in Ur Energy by 63.1% during the 3rd quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 10,660 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Ur Energy by 23.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,000 shares of the basic materials company’s stock valued at $654,000 after purchasing an additional 70,000 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Insider Buying and Selling at Ur Energy

In related news, VP Jade Walle purchased 107,900 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $1.39 per share, with a total value of $149,981.00. Following the completion of the purchase, the vice president owned 251,900 shares of the company’s stock, valued at $350,141. The trade was a 74.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.63% of the company’s stock.

Ur Energy Trading Up 6.6%

NYSEAMERICAN URG opened at $1.94 on Wednesday. Ur Energy Inc has a 1-year low of $0.67 and a 1-year high of $2.35. The company has a current ratio of 4.44, a quick ratio of 4.56 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $770.82 million, a PE ratio of -8.08 and a beta of 0.92. The firm’s fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.55.

Wall Street Analyst Weigh In

Several brokerages have issued reports on URG. Roth Mkm reissued a “buy” rating and set a $2.00 target price on shares of Ur Energy in a research note on Tuesday. Northland Securities set a $2.35 target price on shares of Ur Energy in a research note on Tuesday. HC Wainwright reissued a “buy” rating and set a $2.30 target price on shares of Ur Energy in a research note on Monday, April 27th. Finally, Canaccord Genuity Group began coverage on shares of Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $2.57.

Ur Energy Profile

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.