Acuitas Investments LLC Sells 2,124,278 Shares of Ur Energy Inc $URG

Acuitas Investments LLC cut its holdings in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 94.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,163 shares of the basic materials company’s stock after selling 2,124,278 shares during the period. Acuitas Investments LLC’s holdings in Ur Energy were worth $203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in URG. Y Intercept Hong Kong Ltd bought a new position in shares of Ur Energy during the second quarter valued at $240,000. Bailard Inc. bought a new stake in shares of Ur Energy in the second quarter worth $327,000. Vanguard Personalized Indexing Management LLC increased 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 purchasing an additional 8,879 shares during the period. Fourth Sail Capital LP raised its position in Ur Energy by 59.8% during the 2nd quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock worth $20,627,000 after purchasing an additional 7,348,764 shares during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in Ur Energy during the 2nd quarter worth about $1,395,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Penne A. Goplerud sold 226,630 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1.29, for a total transaction of $292,352.70. Following the transaction, the insider owned 430,608 shares in the company, valued at $555,484.32. The trade was a 34.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathy E. Walker sold 74,727 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $1.32, for a total transaction of $98,639.64. Following the transaction, the director directly owned 555,840 shares in the company, valued at approximately $733,708.80. This represents a 11.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 590,660 shares of company stock worth $760,407. Company insiders own 1.86% of the company’s stock.

Analysts Set New Price Targets

URG has been the topic of a number of analyst reports. Northland Securities assumed coverage on Ur Energy in a research report on Monday, October 27th. They issued an “outperform” rating and a $2.15 price target on the stock. HC Wainwright cut their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2.41.

Ur Energy Stock Down 5.0%

Shares of Ur Energy stock opened at $1.90 on Friday. The stock’s 50-day moving average is $1.52 and its 200 day moving average is $1.49. Ur Energy Inc has a one year low of $0.55 and a one year high of $2.35. The firm has a market cap of $718.52 million, a price-to-earnings ratio of -8.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.85 and a quick ratio of 5.89.

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.