Ur-Energy (TSE:URE) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Ur-Energy Inc. (TSE:UREGet Free Report) (NYSE:URG) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.31 and traded as high as C$2.46. Ur-Energy shares last traded at C$2.18, with a volume of 666,947 shares traded.

Wall Street Analysts Forecast Growth

URE has been the topic of a number of research analyst reports. B. Riley Financial upgraded shares of Ur-Energy to a “strong-buy” rating in a report on Thursday, May 14th. Canaccord Genuity Group raised Ur-Energy to a “strong-buy” rating in a research report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Check Out Our Latest Research Report on URE

Ur-Energy Price Performance

The company has a current ratio of 4.44, a quick ratio of 4.64 and a debt-to-equity ratio of 83.56. The firm has a market capitalization of C$834.40 million, a price-to-earnings ratio of -8.75, a price-to-earnings-growth ratio of -0.81 and a beta of 0.32. The firm has a 50 day moving average price of C$2.31 and a two-hundred day moving average price of C$2.20.

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

About Ur-Energy

(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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