Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) shares shot up 9.5% during trading on Tuesday . The stock traded as high as $0.71 and last traded at $0.69. 1,530,300 shares were traded during trading, an increase of 266% from the average session volume of 418,417 shares. The stock had previously closed at $0.63.
Several research firms have commented on URG. Zacks Investment Research downgraded Ur-Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine downgraded Ur-Energy from a “buy” rating to a “hold” rating in a report on Friday, September 1st. HC Wainwright restated a “buy” rating and set a $1.75 price objective on shares of Ur-Energy in a report on Monday, October 16th. Roth Capital set a $2.00 price objective on Ur-Energy and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, B. Riley restated a “buy” rating on shares of Ur-Energy in a report on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ur-Energy currently has an average rating of “Buy” and a consensus price target of $1.38.
In other news, Director Paul Macdonell sold 68,763 shares of Ur-Energy stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $0.69, for a total value of $47,446.47. The sale was disclosed in a filing with the SEC, which is available through this link.
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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