MMCAP International Inc. SPC Has $9.46 Million Holdings in Ur Energy Inc $URG

MMCAP International Inc. SPC reduced its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 49.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,004,744 shares of the basic materials company’s stock after selling 8,919,795 shares during the quarter. Ur Energy comprises 1.3% of MMCAP International Inc. SPC’s portfolio, making the stock its 27th biggest position. MMCAP International Inc. SPC owned 2.47% of Ur Energy worth $9,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its stake in Ur Energy by 35.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 8,879 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Ur Energy by 51.3% during the 1st quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 25,786 shares in the last quarter. Sprott Inc. raised its holdings in shares of Ur Energy by 18.5% in the first quarter. Sprott Inc. now owns 202,854 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 31,710 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Ur Energy in the second quarter worth $38,000. Finally, Envestnet Asset Management Inc. acquired a new position in Ur Energy during the second quarter worth $38,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robby Sai Kit Chang sold 213,914 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $1.75, for a total value of $374,349.50. Following the completion of the sale, the director owned 84,179 shares in the company, valued at $147,313.25. This represents a 71.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Steven M. Hatten sold 198,618 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $1.34, for a total transaction of $266,148.12. Following the transaction, the chief operating officer directly owned 324,775 shares in the company, valued at $435,198.50. The trade was a 37.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 739,346 shares of company stock valued at $1,162,643 over the last quarter. 1.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

URG has been the topic of several recent research reports. Roth Capital lifted their price target on shares of Ur Energy from $1.60 to $1.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Northland Capmk raised Ur Energy to a “strong-buy” rating in a research report on Sunday, October 26th. Northland Securities initiated coverage on Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 price target for the company. Maxim Group assumed coverage on Ur Energy in a research note on Friday, July 25th. They issued a “buy” rating and a $3.00 price target for the company. Finally, HC Wainwright dropped their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, Ur Energy currently has an average rating of “Buy” and an average target price of $2.41.

Ur Energy Price Performance

URG stock opened at $1.24 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 3.36. The business has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.24. The company has a market capitalization of $466.05 million, a P/E ratio of -7.29 and a beta of 0.96. Ur Energy Inc has a 52-week low of $0.55 and a 52-week high of $2.35.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.