Ur-Energy (TSE:URE) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Ur-Energy Inc. (TSE:UREGet Free Report) (NYSE:URG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.18 and traded as low as C$1.69. Ur-Energy shares last traded at C$1.75, with a volume of 235,779 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on URE. B. Riley Financial raised shares of Ur-Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Royal Bank Of Canada upgraded shares of Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Read Our Latest Stock Report on URE

Ur-Energy Price Performance

The stock has a fifty day moving average of C$2.03 and a two-hundred day moving average of C$2.17. The stock has a market cap of C$683.41 million, a price-to-earnings ratio of -7.17, a price-to-earnings-growth ratio of -0.81 and a beta of 0.32. The company has a quick ratio of 4.64, a current ratio of 4.44 and a debt-to-equity ratio of 83.56.

Ur-Energy (TSE:UREGet Free Report) (NYSE:URG) last released its quarterly earnings data on Friday, May 8th. The company reported C($0.10) earnings per share (EPS) for the quarter. The business had revenue of C$5.43 million during the quarter. Ur-Energy had a negative return on equity of 105.08% and a negative net margin of 297.81%. On average, equities research analysts anticipate that Ur-Energy Inc. will post 0.0273858 earnings per share for the current year.

Ur-Energy Company Profile

(Get Free Report)

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

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