Ur-Energy (TSE:URE) Share Price Passes Below Two Hundred Day Moving Average of $1.99

Posted by MarketBeat News on Sep 20th, 2024

Ur-Energy Inc. (TSE:URE – Get Free Report) (NYSE:URG)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.99 and traded as low as C$1.53. Ur-Energy shares last traded at C$1.60, with a volume of 59,439 shares changing hands.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on Ur-Energy

Ur-Energy Stock Performance

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The company has a market capitalization of C$590.50 million, a PE ratio of -6.52, a P/E/G ratio of -0.81 and a beta of 1.10. The stock has a 50-day simple moving average of C$1.58 and a 200 day simple moving average of C$1.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 15.67 and a quick ratio of 4.64.

Ur-Energy (TSE:URE – Get Free Report) (NYSE:URG) last issued its quarterly earnings data on Friday, August 9th. The company reported C($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.04). The business had revenue of C$6.37 million for the quarter, compared to analysts’ expectations of C$6.31 million. Equities analysts anticipate that Ur-Energy Inc. will post 0.0270497 EPS for the current fiscal year.

Insider Activity

In other Ur-Energy news, Director Robby Sai Kit Chang sold 73,474 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$1.89, for a total transaction of C$139,005.46. Corporate insiders own 1.24% of the company’s stock.

Ur-Energy Company Profile

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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.