Ur-Energy (TSE:URE) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Ur-Energy Inc. (TSE:URE) (NYSE:URG) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.23 and traded as low as C$2.20. Ur-Energy shares last traded at C$2.35, with a volume of 849,196 shares traded.

Wall Street Analysts Forecast Growth

URE has been the subject of several research analyst reports. Canaccord Genuity Group raised Ur-Energy to a “strong-buy” rating in a research note on Thursday, April 2nd. B. Riley Financial raised Ur-Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Ur-Energy presently has an average rating of “Strong Buy”.

Ur-Energy Trading Up 5.4%

The firm has a market capitalization of C$933.73 million, a PE ratio of -9.79, a PEG ratio of -0.81 and a beta of 0.27. The company has a current ratio of 4.44, a quick ratio of 4.64 and a debt-to-equity ratio of 83.56. The business has a fifty day moving average price of C$2.23 and a two-hundred day moving average price of C$2.14.

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 business 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%. Analysts expect that Ur-Energy Inc. will post 0.0273858 EPS for the current fiscal 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.