Ur-Energy (TSE:URE) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Ur-Energy Inc. (TSE:URE) (NYSE:URG) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.53 and traded as high as C$1.67. Ur-Energy shares last traded at C$1.62, with a volume of 24,048 shares.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised shares of Ur-Energy to a “strong-buy” rating in a research note on Monday, July 8th.

Ur-Energy Price Performance

The stock’s 50 day moving average price is C$1.52 and its two-hundred day moving average price is C$1.95. The company has a debt-to-equity ratio of 1.13, a current ratio of 15.67 and a quick ratio of 4.64. The firm has a market capitalization of C$590.50 million, a price-to-earnings ratio of -6.79, a PEG ratio of -0.81 and a beta of 1.10.

Ur-Energy (TSE:URE) (NYSE:URG) last released its quarterly earnings results on Friday, August 9th. The company reported C($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.04). The firm had revenue of C$6.37 million for the quarter, compared to the consensus estimate of C$6.31 million. On average, equities research analysts anticipate that Ur-Energy Inc. will post 0.0273858 EPS for the current year.

Insider Activity

In related news, Senior Officer Steven Marcal Hatten sold 179,733 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$1.62, for a total transaction of C$291,167.46. In related news, Director Gary Chase Huber sold 97,628 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$1.65, for a total value of C$161,310.74. Also, Senior Officer Steven Marcal Hatten sold 179,733 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$1.62, for a total value of C$291,167.46. Over the last three months, insiders sold 377,361 shares of company stock valued at $613,008. 1.24% of the stock is owned by company insiders.

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.