Ur-Energy (TSE:URE) Trading 5.4% Higher – Time to Buy?

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares traded up 5.4% during mid-day trading on Tuesday . The company traded as high as C$2.39 and last traded at C$2.35. 849,196 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 442,186 shares. The stock had previously closed at C$2.23.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on URE. Canaccord Genuity Group raised Ur-Energy to a “strong-buy” rating in a research report on Thursday, April 2nd. B. Riley Financial upgraded shares of 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, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Ur-Energy Stock Performance

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$1.07 billion, a price-to-earnings ratio of -11.25, a P/E/G ratio of -0.81 and a beta of 0.32. The firm’s 50 day moving average price is C$2.26 and its 200-day moving average price is C$2.16.

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

Ur-Energy Company Profile

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.