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

by · The Cerbat Gem

Ur Energy Inc (NYSEAMERICAN:URGGet Free Report) (TSE:URE) Director Thomas Parker sold 87,858 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the transaction, the director owned 580,884 shares in the company, valued at $859,708.32. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ur Energy Price Performance

NYSEAMERICAN URG traded up $0.04 during trading hours on Wednesday, hitting $1.52. 7,553,089 shares of the company’s stock traded hands, compared to its average volume of 9,514,471. The company has a market capitalization of $604.03 million, a PE ratio of -6.91 and a beta of 0.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. The firm’s 50-day moving average is $1.34 and its 200-day moving average is $1.52.

Ur Energy (NYSEAMERICAN:URGGet Free Report) (TSE:URE) last released its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. Equities analysts forecast that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Ur Energy

Large investors have recently modified their holdings of the business. AXQ Capital LP purchased a new position in shares of Ur Energy during the 2nd quarter worth $31,000. Van ECK Associates Corp purchased a new stake in Ur Energy in the 2nd quarter valued at about $31,875,000. Bank of America Corp DE acquired a new position in Ur Energy in the second quarter valued at about $757,000. Legal & General Group Plc purchased a new position in Ur Energy during the second quarter worth about $50,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Ur Energy during the second quarter worth about $22,602,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Report on Ur Energy

More Ur Energy News

Here are the key news stories impacting Ur Energy this week:

  • Positive Sentiment: General Counsel David A. Ritchie bought 10,000 shares at an average price of $1.42, investing approximately $14,200 and establishing a direct position. The purchase may modestly improve investor sentiment. Insider buying report
  • Positive Sentiment: Analyst sentiment remains favorable, with Ur-Energy carrying a consensus “Buy” rating and an average price target of approximately $2.32. However, recent target reductions by RBC and HC Wainwright indicate some caution.
  • Positive Sentiment: Institutional ownership is substantial at about 57.5%, and several large investors, including BlackRock, VanEck Associates and Manufacturers Life, recently established positions. This may provide longer-term support for the uranium producer.
  • Neutral Sentiment: The latest quarter showed revenue of $14.37 million, essentially matching expectations, but Ur-Energy reported a $0.04-per-share loss versus the expected $0.03 loss. Analysts anticipate a full-year loss of roughly $0.16 per share, so the company remains unprofitable.
  • Negative Sentiment: Insiders reported approximately 411,000 shares of sales worth roughly $578,000. CFO Roger L. Smith sold 103,536 shares, while directors Robby Sai Kit Chang and John Cash sold 75,588 and 77,751 shares, respectively.
  • Negative Sentiment: Director Kathy Walker sold 72,838 shares and COO Steven M. Hatten sold 81,576 shares. The transactions reduced their holdings by approximately 11% and 19%, respectively; Chang’s ownership fell nearly 44%. The volume and breadth of insider selling could create near-term pressure and outweigh the smaller legal counsel purchase. Insider selling report

About Ur Energy

(Get Free Report)

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.

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