Ur-Energy (TSE:URE) Share Price Passes Below 200 Day Moving Average – Here’s Why

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.20 and traded as low as C$1.80. Ur-Energy shares last traded at C$1.81, with a volume of 205,681 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley Financial raised shares of Ur-Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Canaccord Genuity Group upgraded shares of Ur-Energy to a “strong-buy” rating in a report on Thursday, April 2nd. Four equities 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 Down 3.2%

The stock’s fifty day simple moving average is C$2.19 and its 200-day simple moving average is C$2.20. The firm has a market cap of C$719.17 million, a PE ratio of -7.54, a PEG ratio of -0.81 and a beta of 0.32. 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 posted its quarterly earnings data on Friday, May 8th. The company reported C($0.10) EPS for the quarter. The company had revenue of C$5.43 million for the quarter. Ur-Energy had a negative return on equity of 105.08% and a negative net margin of 297.81%. On average, sell-side analysts forecast that Ur-Energy Inc. will post 0.0273858 earnings per share 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.