Ur-Energy (TSE:URE) Upgraded by Canaccord Genuity Group to “Strong-Buy” Rating

Ur-Energy (TSE:URE) (NYSE:URG) was upgraded by Canaccord Genuity Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Ur-Energy Trading Up 5.5%

Ur-Energy stock opened at C$2.11 on Thursday. Ur-Energy has a one year low of C$0.78 and a one year high of C$3.30. The business’s fifty day moving average is C$2.18 and its 200 day moving average is C$2.15. The stock has a market capitalization of C$838.36 million, a PE ratio of -10.55, a price-to-earnings-growth ratio of -0.81 and a beta of 0.05. The company has a debt-to-equity ratio of 88.08, a current ratio of 5.44 and a quick ratio of 4.64.

Ur-Energy (TSE:URE) (NYSE:URG) last issued its earnings results on Tuesday, March 10th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$13.98 million during the quarter. Ur-Energy had a negative return on equity of 76.17% and a negative net margin of 275.29%. On average, sell-side analysts predict that Ur-Energy will post 0.0273858 EPS for the current 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.