Insider Buying: Ur-Energy CEO Purchases 50,000 Shares of Stock (URG)
Ur-Energy (NYSE:URG) CEO Wayne W. Heili bought 50,000 shares of the stock on the open market in a transaction dated Friday, May 30th. The stock was purchased at an average price of $1.23 per share, for a total transaction of $61,500.00. Following the completion of the transaction, the chief executive officer now directly owns 192,628 shares in the company, valued at approximately $236,932. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on URG. Analysts at Haywood Securities reiterated a “hold” rating on shares of Ur-Energy in a research note on Friday, May 23rd. They now have a C$1.80 price target on the stock. Separately, analysts at Dundee Securities cut their price target on shares of Ur-Energy from C$2.00 to C$1.90 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital cut their price target on shares of Ur-Energy from $1.75 to $1.70 in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $1.94.
Ur-Energy (NYSE:URG) traded down 2.42% during mid-day trading on Monday, hitting $1.21. 991,117 shares of the company’s stock traded hands. Ur-Energy has a one year low of $0.92 and a one year high of $1.99. The stock has a 50-day moving average of $1.19 and a 200-day moving average of $1.34. The company’s market cap is $155.8 million.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.
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