MMCAP International Inc. SPC Has $717,000 Stock Holdings in Ur Energy Inc $URG

MMCAP International Inc. SPC lessened its position in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 86.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 515,776 shares of the basic materials company’s stock after selling 3,333,504 shares during the quarter. MMCAP International Inc. SPC’s holdings in Ur Energy were worth $717,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Advisors LLC acquired a new stake in Ur Energy in the 3rd quarter valued at approximately $32,000. Gabelli Funds LLC bought a new position in Ur Energy in the third quarter valued at approximately $36,000. TD Waterhouse Canada Inc. grew its stake in Ur Energy by 378.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares in the last quarter. Old West Investment Management LLC grew its stake in Ur Energy by 63.1% in the third 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 in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Ur Energy in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Stock Performance

Shares of NYSEAMERICAN URG opened at $1.63 on Wednesday. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. Ur Energy Inc has a 12 month low of $0.74 and a 12 month high of $2.35. The stock has a 50 day moving average of $1.60 and a 200-day moving average of $1.55. The company has a market capitalization of $647.65 million, a P/E ratio of -6.79 and a beta of 0.92.

Insider Activity at Ur Energy

In other Ur Energy news, VP Jade Walle bought 107,900 shares of Ur Energy stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of $1.39 per share, for a total transaction of $149,981.00. Following 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Canaccord Genuity Group assumed coverage on Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target for the company. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. HC Wainwright restated a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Finally, Roth Mkm restated a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2.57.

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.