Azarias Capital Management L.P. Has $24.17 Million Stock Holdings in Ur Energy Inc $URG

Azarias Capital Management L.P. lessened its holdings in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 24.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,504,298 shares of the basic materials company’s stock after selling 4,260,326 shares during the quarter. Ur Energy makes up approximately 9.6% of Azarias Capital Management L.P.’s holdings, making the stock its 2nd biggest holding. Azarias Capital Management L.P.’s holdings in Ur Energy were worth $24,173,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Ur Energy by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after buying an additional 8,879 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Ur Energy during the 2nd quarter valued at $38,000. Envestnet Asset Management Inc. acquired a new position in shares of Ur Energy in the 2nd quarter valued at $38,000. Militia Capital Partners LP bought a new position in Ur Energy during the first quarter worth about $40,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Ur Energy in the 2nd quarter valued at about $44,000. 57.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

URG has been the topic of several recent analyst reports. HC Wainwright reduced their price objective on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Northland Capmk raised Ur Energy to a “strong-buy” rating in a research note on Sunday, October 26th. B. Riley increased their price target on Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday, September 25th. Roth Capital lifted their price objective on Ur Energy from $1.60 to $1.80 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Northland Securities began coverage on Ur Energy in a research report on Monday, October 27th. They issued an “outperform” rating and a $2.15 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat, Ur Energy has an average rating of “Buy” and an average price target of $2.41.

Ur Energy Price Performance

NYSEAMERICAN URG opened at $1.42 on Friday. The firm’s 50 day moving average is $1.39 and its 200-day moving average is $1.37. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $536.63 million, a PE ratio of -6.45 and a beta of 0.92. Ur Energy Inc has a 12-month low of $0.55 and a 12-month high of $2.35.

Insider Activity at Ur Energy

In related news, VP Jade Walle purchased 144,000 shares of Ur Energy stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $1.27 per share, with a total value of $182,880.00. Following the completion of the transaction, the vice president owned 144,000 shares of the company’s stock, valued at approximately $182,880. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathy E. Walker sold 74,727 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $1.32, for a total value of $98,639.64. Following the completion of the transaction, the director owned 555,840 shares of the company’s stock, valued at approximately $733,708.80. This represents a 11.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 590,660 shares of company stock worth $760,407. Corporate insiders own 1.86% of the company’s stock.

Ur Energy Company Profile

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.