Insider Selling: Paul Macdonell Unloads 30,000 Shares of Ur-Energy Stock (URG)
Ur-Energy (NYSE:URG) Director Paul Macdonell unloaded 30,000 shares of Ur-Energy stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $1.08, for a total transaction of $32,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Haywood Securities upgraded shares of Ur-Energy to a “buy” rating in a research note on Friday, August 8th. Separately, analysts at Laurentian cut their price target on shares of Ur-Energy from C$2.00 to C$1.80 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Ur-Energy from C$2.00 to C$1.80 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $2.00.
Shares of Ur-Energy (NYSE:URG) traded down 2.75% on Thursday, hitting $1.06. 551,389 shares of the company’s stock traded hands. Ur-Energy has a 52-week low of $0.96 and a 52-week high of $1.99. The stock’s 50-day moving average is $1.12 and its 200-day moving average is $1.29. The company’s market cap is $136.5 million. Ur-Energy also was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 5,160,331 shares, an increase of 0.2% from the July 31st total of 5,168,594 shares. Based on an average daily trading volume, of 566,227 shares, the days-to-cover ratio is presently 9.1 days. Currently, 4.5% of the shares of the company are sold short.
Ur-Energy (NYSE:URG) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01). On average, analysts predict that Ur-Energy will post $-0.05 earnings per share for the current fiscal year.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.
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