Ur-Energy (TSE:URE) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.89 and traded as high as C$2.35. Ur-Energy shares last traded at C$2.29, with a volume of 352,123 shares.

Analysts Set New Price Targets

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

Ur-Energy Trading Up 2.2%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.64 and a current ratio of 16.78. The firm has a market cap of C$861.53 million, a price-to-earnings ratio of -10.41, a PEG ratio of -0.81 and a beta of 0.58. The business has a fifty day simple moving average of C$1.89 and a 200-day simple moving average of C$1.95.

Ur-Energy (TSE:URE) (NYSE:URG) last issued its quarterly earnings data on Monday, November 3rd. The company reported C($0.07) earnings per share for the quarter. Ur-Energy had a negative return on equity of 38.84% and a negative net margin of 234.02%.The business had revenue of C$6.32 million during the quarter. As a group, equities analysts forecast 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.