Ur-Energy (TSE:URE) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Ur-Energy Inc. (TSE:URE) (NYSE:URG) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.91 and traded as low as C$1.85. Ur-Energy shares last traded at C$1.86, with a volume of 171,023 shares.

Analyst Upgrades and Downgrades

Separately, Northland Capmk upgraded Ur-Energy to a “strong-buy” rating in a research note on Sunday, October 26th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Ur-Energy Stock Down 2.1%

The company has a debt-to-equity ratio of 0.80, a current ratio of 16.78 and a quick ratio of 4.64. The stock has a market cap of C$699.76 million, a price-to-earnings ratio of -8.45, a price-to-earnings-growth ratio of -0.81 and a beta of 0.78. The firm’s 50-day moving average is C$1.91 and its 200 day moving average is C$1.92.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its quarterly earnings data on Monday, November 3rd. The company reported C($0.07) earnings per share (EPS) for the quarter. The company had revenue of C$6.32 million for the quarter. Ur-Energy had a negative net margin of 234.02% and a negative return on equity of 38.84%. Sell-side analysts anticipate that Ur-Energy Inc. will post 0.0273858 earnings per share for the current fiscal year.

Ur-Energy Company Profile

Ur-Energy Inc is an exploration stage mining company. The company is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. Its projects are Lost Creek, Shirley Basin, and other U.S. Projects.