Ur-Energy Inc. (NYSEAMERICAN:URG) CFO Sells $273,742.80 in Stock

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) CFO Roger L. Smith sold 228,119 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.20, for a total transaction of $273,742.80. Following the sale, the chief financial officer now directly owns 613,061 shares of the company’s stock, valued at approximately $735,673.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ur-Energy Trading Up 1.7 %

Shares of NYSEAMERICAN:URG traded up $0.02 during mid-day trading on Monday, reaching $1.20. 6,049,688 shares of the company traded hands, compared to its average volume of 3,542,173. The company has a market cap of $434.72 million, a PE ratio of -6.21 and a beta of 1.12. Ur-Energy Inc. has a 52 week low of $0.96 and a 52 week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Friday, August 9th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Ur-Energy had a negative return on equity of 65.47% and a negative net margin of 173.40%. The business had revenue of $4.65 million during the quarter, compared to the consensus estimate of $4.60 million. Equities research analysts predict that Ur-Energy Inc. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on URG. B. Riley reduced their price target on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. HC Wainwright cut their price objective on Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Ventum Cap Mkts upgraded Ur-Energy to a “strong-buy” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xponance Inc. bought a new position in shares of Ur-Energy during the 2nd quarter valued at approximately $25,000. Principal Financial Group Inc. bought a new position in shares of Ur-Energy during the 2nd quarter valued at approximately $51,000. Tidal Investments LLC bought a new position in shares of Ur-Energy during the 1st quarter valued at approximately $65,000. Jump Financial LLC bought a new position in shares of Ur-Energy during the 4th quarter valued at approximately $109,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Ur-Energy during the 2nd quarter valued at approximately $150,000. 57.51% of the stock is currently owned by institutional investors.

About Ur-Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.