Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 3,750,768 shares, a growth of 1.6% from the February 15th total of 3,691,570 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 222,281 shares, the days-to-cover ratio is currently 16.9 days.
Several brokerages have recently issued reports on URG. Zacks Investment Research lowered shares of Ur-Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. HC Wainwright set a $2.00 price objective on shares of Ur-Energy and gave the stock a “buy” rating in a report on Monday, March 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ur-Energy currently has a consensus rating of “Buy” and an average price target of $1.38.
In related news, insider Jeffrey T. Klenda sold 100,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $0.71, for a total value of $71,000.00. Following the sale, the insider now owns 2,692,981 shares in the company, valued at approximately $1,912,016.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Several hedge funds have recently added to or reduced their stakes in the business. Global X Management Co. LLC purchased a new position in shares of Ur-Energy in the fourth quarter valued at about $14,089,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Ur-Energy in the fourth quarter valued at about $833,000. Gagnon Securities LLC purchased a new position in shares of Ur-Energy in the fourth quarter valued at about $352,000. Finally, Verity Asset Management Inc. purchased a new position in shares of Ur-Energy in the fourth quarter valued at about $129,000.
Shares of Ur-Energy (URG) remained flat at $$0.63 during trading hours on Friday. The company’s stock had a trading volume of 134,463 shares, compared to its average volume of 345,413. The company has a market cap of $92.86, a PE ratio of 32.00 and a beta of 0.85. Ur-Energy has a 1-year low of $0.50 and a 1-year high of $0.80.
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Ur-Energy Company Profile
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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