Ur-Energy (TSE:URE) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.31 and traded as high as C$2.46. Ur-Energy shares last traded at C$2.18, with a volume of 666,947 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Canaccord Genuity Group upgraded Ur-Energy to a “strong-buy” rating in a research report on Thursday, April 2nd. B. Riley Financial upgraded Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Ur-Energy Trading Down 5.2%

The stock has a market cap of C$866.18 million, a P/E ratio of -9.08, a PEG ratio of -0.81 and a beta of 0.32. The firm’s fifty day moving average price is C$2.31 and its two-hundred day moving average price is C$2.20. The company has a debt-to-equity ratio of 83.56, a current ratio of 4.44 and a quick ratio of 4.64.

Ur-Energy (TSE:URE) (NYSE:URG) last released its quarterly earnings results on Friday, May 8th. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$5.43 million during the quarter. Ur-Energy had a negative return on equity of 105.08% and a negative net margin of 297.81%. As a group, equities research analysts forecast that Ur-Energy Inc. will post 0.0273858 EPS for the current year.

About Ur-Energy

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.