Ur-Energy (TSE:URE) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Ur-Energy Inc. (TSE:URE) (NYSE:URG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.20 and traded as low as C$1.82. Ur-Energy shares last traded at C$1.83, with a volume of 186,243 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. B. Riley Financial upgraded Ur-Energy to a “strong-buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada raised Ur-Energy to a “moderate buy” rating in a report on Monday, July 13th. Finally, Canaccord Genuity Group upgraded Ur-Energy to a “strong-buy” rating in a research report on Thursday, April 2nd. Four analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Ur-Energy Trading Down 1.1%

The company has a debt-to-equity ratio of 83.56, a current ratio of 4.44 and a quick ratio of 4.64. The firm has a market cap of C$727.12 million, a price-to-earnings ratio of -7.63, a price-to-earnings-growth ratio of -0.81 and a beta of 0.32. The business’s 50-day moving average price is C$2.09 and its two-hundred day moving average price is C$2.20.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its earnings results on Friday, May 8th. The company reported C($0.10) earnings per share (EPS) for the quarter. The firm 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%. Equities analysts expect 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.