Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Tuesday, July 30th, TheStreetRatingsTable reports.
Several other research firms have also recently commented on URG. Zacks Investment Research cut Ur-Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, July 19th. HC Wainwright reaffirmed a “buy” rating and set a $1.50 target price on shares of Ur-Energy in a research note on Monday, April 15th.
NYSEAMERICAN URG traded down $0.01 during trading hours on Tuesday, hitting $0.55. 385,615 shares of the company’s stock were exchanged, compared to its average volume of 615,242. Ur-Energy has a 1-year low of $0.50 and a 1-year high of $0.99.
In other Ur-Energy news, Director James M. Franklin sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $0.92, for a total value of $46,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC boosted its position in shares of Ur-Energy by 41.0% during the first quarter. Virtu Financial LLC now owns 96,222 shares of the basic materials company’s stock valued at $79,000 after buying an additional 27,956 shares during the last quarter. Exane Derivatives boosted its position in shares of Ur-Energy by 232.8% during the first quarter. Exane Derivatives now owns 629,000 shares of the basic materials company’s stock valued at $518,000 after buying an additional 440,000 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of Ur-Energy by 2.4% during the first quarter. Cetera Advisors LLC now owns 560,379 shares of the basic materials company’s stock valued at $466,000 after buying an additional 12,986 shares during the last quarter. Rathbone Brothers plc boosted its position in shares of Ur-Energy by 84.2% during the first quarter. Rathbone Brothers plc now owns 70,000 shares of the basic materials company’s stock valued at $58,000 after buying an additional 32,000 shares during the last quarter. Finally, Genesee Capital Advisors LLC purchased a new position in shares of Ur-Energy during the second quarter valued at approximately $28,000.
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.
Further Reading: Oversold
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