Insider Buying: Ur Energy (NYSEAMERICAN:URG) VP Buys $149,981.00 in Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) VP Jade Walle acquired 107,900 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average cost of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the purchase, the vice president directly owned 251,900 shares in the company, valued at $350,141. This trade represents a 74.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ur Energy Trading Up 9.8%

NYSEAMERICAN URG opened at $1.45 on Friday. The business has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $1.56. Ur Energy Inc has a one year low of $0.55 and a one year high of $2.35. The stock has a market capitalization of $558.21 million, a P/E ratio of -7.25 and a beta of 0.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 4.56.

Institutional Trading of Ur Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in Ur Energy by 1.6% in the third quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after acquiring an additional 624,842 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of Ur Energy during the second quarter valued at approximately $172,000. SG Americas Securities LLC increased its holdings in shares of Ur Energy by 13.7% during the second quarter. SG Americas Securities LLC now owns 349,023 shares of the basic materials company’s stock valued at $366,000 after acquiring an additional 41,932 shares in the last quarter. Old West Investment Management LLC raised its position in shares of Ur Energy by 63.1% during the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 10,660 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Ur Energy during the third quarter worth approximately $390,000. 57.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright dropped their target price on shares of Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $2.35.

About Ur Energy

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.