Ur Energy (NYSEAMERICAN:URG) COO Sells $113,390.64 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) COO Steven Hatten sold 81,576 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $1.39, for a total transaction of $113,390.64. Following the transaction, the chief operating officer directly owned 345,764 shares in the company, valued at approximately $480,611.96. The trade was a 19.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ur Energy Stock Performance

Shares of URG opened at $1.52 on Thursday. The business’s 50 day moving average is $1.34 and its two-hundred day moving average is $1.52. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. The firm has a market cap of $604.03 million, a price-to-earnings ratio of -6.91 and a beta of 0.95. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.The firm had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Analysts forecast that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

More Ur Energy News

Here are the key news stories impacting Ur Energy this week:

• Positive Sentiment: General Counsel David A. Ritchie purchased 10,000 shares at approximately $1.42 each, establishing a new position. The purchase is a modestly positive signal of confidence, although it was much smaller than the insider sales. SEC filing
• Positive Sentiment: Analyst sentiment remains favorable, with URG carrying a consensus “Buy” rating and an average target of $2.32. However, recent target reductions from Royal Bank of Canada and HC Wainwright indicate some caution about the company’s near-term outlook.
• Positive Sentiment: Institutional ownership is a supportive factor: hedge funds and other institutions hold approximately 57.5% of the shares, while several large investors, including BlackRock, VanEck Associates and Manufacturers Life, recently initiated positions.
• Neutral Sentiment: Ur-Energy’s latest quarterly revenue of $14.37 million was essentially in line with estimates, but its $0.04-per-share loss was wider than the expected $0.03 loss. Analysts anticipate a full-year loss of approximately $0.16 per share, highlighting the company’s continuing lack of profitability.
• Negative Sentiment: CFO Roger L. Smith sold 103,536 shares for approximately $148,000, reducing his stake by 13.7%. Directors Robby Sai Kit Chang and John Cash also sold 75,588 and 77,751 shares, respectively, cutting their ownership by about 43.9% and 10.1%.
• Negative Sentiment: Directors Gary C. Huber and Thomas H. Parker each sold 87,858 shares at roughly $1.48, reducing their positions by 13.6% and 13.1%. Director Kathy Walker previously sold 72,838 shares, while the general counsel’s purchase was comparatively small. The cluster of insider sales may create near-term selling pressure. Insider trading report

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Roth Capital reiterated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. HC Wainwright lowered their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Royal Bank Of Canada cut their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research note on Monday, August 17th. Northland Securities set a $2.35 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Finally, B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Ur Energy has an average rating of “Buy” and an average price target of $2.32.

Institutional Investors Weigh In On Ur Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URG. Gabelli Funds LLC acquired a new stake in shares of Ur Energy during the 3rd quarter valued at about $36,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Ur Energy during the 1st quarter worth $31,000. AXQ Capital LP acquired a new stake in shares of Ur Energy in the second quarter valued at about $31,000. TD Waterhouse Canada Inc. grew its holdings in Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after buying an additional 19,700 shares during the last quarter. Finally, Earned Wealth Advisors LLC acquired a new stake in shares of Ur Energy in the first quarter worth $37,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Company 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.