Reviewing The Case For Ur-Energy Inc (URG) Going Higher

Currently, there are 364.82M common shares owned by the public and among those 353.99M shares have been available to trade.

The company’s stock has a 5-day price change of -14.42% and -8.98% over the past three months. URG shares are trading -35.22% year to date (YTD), with the 12-month market performance down to -58.38% lower. It has a 12-month low price of $0.55 and touched a high of $1.84 over the same period. URG has an average intraday trading volume of 4.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.17%, 2.88%, and -27.66% respectively.

Institutional ownership of Ur-Energy Inc (AMEX: URG) shares accounts for 74.69% of the company’s 364.82M shares outstanding.

It has a market capitalization of $271.79M and a beta (3y monthly) value of 0.89. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.23% over the week and 6.15% over the month.

Earnings per share for the fiscal year are expected to increase by 57.35%, and 162.07% over the next financial year.

Looking at the support for the URG, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on February 02, 2024, with the firm’s price target at $3. FBR Capital coverage for the Ur-Energy Inc (URG) stock in a research note released on September 02, 2016 offered a Outperform rating with a price target of $1. H.C. Wainwright was of a view on June 19, 2015 that the stock is Buy, while Rodman & Renshaw gave the stock Mkt Outperform rating on August 10, 2011, issuing a price target of $2.52. Rodman & Renshaw on their part issued Mkt Outperform rating on December 30, 2010.

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