Ur Energy Inc $URG Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 10,309.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,916,937 shares of the basic materials company’s stock after purchasing an additional 1,898,522 shares during the quarter. Tidal Investments LLC’s holdings in Ur Energy were worth $2,607,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in Ur Energy by 11.8% in the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock valued at $60,922,000 after purchasing an additional 4,628,176 shares during the period. BlackRock Inc. purchased a new stake in shares of Ur Energy in the second quarter valued at approximately $38,936,000. Van ECK Associates Corp acquired a new position in shares of Ur Energy during the 2nd quarter worth approximately $31,875,000. The Manufacturers Life Insurance Company raised its stake in shares of Ur Energy by 5.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 16,516,010 shares of the basic materials company’s stock worth $24,279,000 after buying an additional 803,571 shares during the period. Finally, CenterBook Partners LP lifted its position in shares of Ur Energy by 153.7% during the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after buying an additional 6,458,113 shares in the last quarter. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Trading Down 2.4%

URG stock opened at $1.22 on Wednesday. Ur Energy Inc has a 12-month low of $1.12 and a 12-month high of $2.35. The business’s 50-day moving average is $1.33 and its 200 day moving average is $1.49. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The stock has a market cap of $484.82 million, a price-to-earnings ratio of -5.55 and a beta of 0.94.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. HC Wainwright dropped their price target on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Royal Bank Of Canada reduced their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, Ur Energy currently has an average rating of “Buy” and an average price target of $2.32.

Insider Activity

In other news, VP Jade Walle acquired 75,581 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were bought at an average price of $1.29 per share, for a total transaction of $97,499.49. Following the acquisition, the vice president owned 327,481 shares of the company’s stock, valued at approximately $422,450.49. This trade represents a 30.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary C. Huber sold 87,858 shares of Ur Energy stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the sale, the director directly owned 558,016 shares in the company, valued at approximately $825,863.68. This trade represents a 13.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 587,005 shares of company stock valued at $838,231 in the last three months. Company insiders own 1.63% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company’s activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy’s primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming’s Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.