Cannon Global Investment Management LLC Invests $224,000 in Ur-Energy Inc. (NYSEAMERICAN:URG)

Cannon Global Investment Management LLC bought a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 139,800 shares of the basic materials company’s stock, valued at approximately $224,000.

A number of other large investors also recently made changes to their positions in the company. Azarias Capital Management L.P. grew its position in Ur-Energy by 13.2% during the fourth quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock worth $22,205,000 after buying an additional 1,686,286 shares in the last quarter. Citigroup Inc. grew its position in Ur-Energy by 707,496.3% during the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock worth $863,000 after buying an additional 565,997 shares in the last quarter. Jump Financial LLC acquired a new stake in Ur-Energy during the fourth quarter worth approximately $109,000. Alps Advisors Inc. boosted its holdings in shares of Ur-Energy by 20.5% in the 3rd quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock valued at $28,258,000 after purchasing an additional 3,118,647 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ur-Energy by 8.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock valued at $23,892,000 after purchasing an additional 1,260,419 shares in the last quarter. Institutional investors own 57.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Robby Sai Kit Chang sold 73,474 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $1.38, for a total transaction of $101,394.12. Following the completion of the transaction, the director now directly owns 73,572 shares of the company’s stock, valued at approximately $101,529.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director James M. Franklin sold 56,305 shares of Ur-Energy stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1.59, for a total value of $89,524.95. Following the completion of the transaction, the director now directly owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robby Sai Kit Chang sold 73,474 shares of Ur-Energy stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $1.38, for a total value of $101,394.12. Following the completion of the transaction, the director now directly owns 73,572 shares of the company’s stock, valued at $101,529.36. The disclosure for this sale can be found here. Insiders sold a total of 189,879 shares of company stock valued at $279,266 in the last three months. Insiders own 3.29% of the company’s stock.

Ur-Energy Stock Down 1.4 %

Shares of NYSEAMERICAN URG traded down $0.02 during mid-day trading on Friday, hitting $1.40. 39,345,732 shares of the stock traded hands, compared to its average volume of 3,415,506. Ur-Energy Inc. has a twelve month low of $0.91 and a twelve month high of $2.01. The company has a market cap of $406.63 million, a price-to-earnings ratio of -7.37 and a beta of 1.15.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Monday, May 6th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 61.67% and a negative net margin of 173.40%. On average, research analysts anticipate that Ur-Energy Inc. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

URG has been the topic of a number of research analyst reports. Roth Mkm reduced their target price on Ur-Energy from $2.20 to $2.10 and set a “buy” rating on the stock in a report on Thursday, May 9th. HC Wainwright cut their price objective on Ur-Energy from $3.40 to $3.30 and set a “buy” rating on the stock in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Ur-Energy Profile

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.