Ur Energy (NYSEAMERICAN:URG) Shares Down 9.2% – Should You Sell?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s stock price was down 9.2% during mid-day trading on Thursday . The stock traded as low as $1.41 and last traded at $1.4250. Approximately 4,449,960 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 9,445,647 shares. The stock had previously closed at $1.57.

Ur Energy Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.89 and a current ratio of 7.85. The stock’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.55. The firm has a market capitalization of $546.66 million, a price-to-earnings ratio of -6.45 and a beta of 0.78.

Institutional Trading of Ur Energy

Several hedge funds and other institutional investors have recently modified their holdings of URG. Y Intercept Hong Kong Ltd acquired a new position in Ur Energy during the second quarter valued at approximately $240,000. Bailard Inc. bought a new position in shares of Ur Energy during the second quarter worth $327,000. Fourth Sail Capital LP grew its stake in Ur Energy by 59.8% in the second quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock valued at $20,627,000 after acquiring an additional 7,348,764 shares during the period. Alps Advisors Inc. raised its holdings in 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 worth $70,170,000 after buying an additional 624,842 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new stake in Ur Energy in the 2nd quarter valued at $172,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

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.