Insider Selling: Ur Energy (NYSEAMERICAN:URG) Director Sells $130,029.84 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) Director Thomas Parker sold 87,858 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the transaction, the director directly owned 580,884 shares in the company, valued at approximately $859,708.32. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ur Energy Stock Down 7.8%

URG opened at $1.41 on Friday. The business has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.51. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. The firm has a market cap of $560.32 million, a P/E ratio of -6.41 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly 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 net margin of 252.75% and a negative return on equity of 110.84%. The company had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Research analysts forecast that Ur Energy Inc will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Ur Energy

A number of institutional investors have recently added to or reduced their stakes in the company. AXQ Capital LP bought a new position in Ur Energy during the second quarter valued at about $31,000. Van ECK Associates Corp bought a new stake in shares of Ur Energy in the 2nd quarter worth approximately $31,875,000. Bank of America Corp DE bought a new stake in shares of Ur Energy in the 2nd quarter worth approximately $757,000. Legal & General Group Plc acquired a new stake in shares of Ur Energy during the 2nd quarter worth approximately $50,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ur Energy during the 2nd quarter worth approximately $22,602,000. 57.51% of the stock is owned by institutional investors and hedge funds.

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.