Ur-Energy Inc. (NYSE:URG) was the recipient of a significant drop in short interest in July. As of July 14th, there was short interest totalling 4,303,325 shares, a drop of 4.4% from the June 30th total of 4,502,194 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 174,509 shares, the days-to-cover ratio is presently 24.7 days.
URG has been the topic of several research reports. Zacks Investment Research raised shares of Ur-Energy from a “hold” rating to a “strong-buy” rating and set a $0.75 price target on the stock in a research note on Wednesday, May 17th. TheStreet raised shares of Ur-Energy from a “d” rating to a “c” rating in a research note on Tuesday, May 30th. Finally, ValuEngine downgraded shares of Ur-Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1.25.
Ur-Energy (NYSE:URG) opened at 0.6579 on Monday. The company has a 50 day moving average of $0.62 and a 200 day moving average of $0.66. Ur-Energy has a 52 week low of $0.41 and a 52 week high of $0.91. The stock has a market capitalization of $95.97 million and a P/E ratio of 12.4132.
Ur-Energy (NYSE:URG) last released its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Ur-Energy had a return on equity of 52.46% and a net margin of 34.99%. The company had revenue of $11.82 million for the quarter, compared to analyst estimates of $12.10 million. Equities analysts expect that Ur-Energy will post $0.04 EPS for the current fiscal year.
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About Ur-Energy
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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