Ur Energy Inc (NYSEAMERICAN:URG – Get Free Report) (TSE:URE)’s stock price was up 14.3% during mid-day trading on Monday . The stock traded as high as $1.75 and last traded at $1.7950. Approximately 2,050,936 shares changed hands during trading, a decline of 78% from the average daily volume of 9,357,980 shares. The stock had previously closed at $1.57.
Analyst Ratings Changes
Several analysts have weighed in on the company. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. HC Wainwright reiterated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Roth Mkm reiterated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group assumed coverage on Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $2.57.
Read Our Latest Stock Analysis on URG
Ur Energy Stock Up 11.1%
Insider Transactions at Ur Energy
In other Ur Energy news, VP Jade Walle purchased 107,900 shares of the stock in a transaction on Wednesday, March 18th. The shares were bought at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the transaction, the vice president owned 251,900 shares of the company’s stock, valued at $350,141. This trade represents a 74.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.63% of the company’s stock.
Hedge Funds Weigh In On Ur Energy
Hedge funds have recently bought and sold shares of the business. Azarias Capital Management L.P. raised its holdings in shares of Ur Energy by 3.3% during the fourth quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock valued at $19,391,000 after acquiring an additional 445,857 shares during the last quarter. Simcoe Capital LLC acquired a new position in shares of Ur Energy during the fourth quarter valued at approximately $2,173,000. Themes Management Co LLC acquired a new position in shares of Ur Energy during the fourth quarter valued at approximately $568,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Ur Energy by 183.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock valued at $860,000 after acquiring an additional 400,881 shares during the last quarter. Finally, CenterBook Partners LP raised its holdings in shares of Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after acquiring an additional 6,458,113 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.
About Ur Energy
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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