Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE)’s stock price dropped 33.3% during mid-day trading on Friday . The stock traded as low as $0.58 and last traded at $0.62, approximately 13,320,623 shares changed hands during mid-day trading. An increase of 2,386% from the average daily volume of 535,909 shares. The stock had previously closed at $0.93.
URG has been the topic of several research analyst reports. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. HC Wainwright restated a “buy” rating on shares of Jaguar Health in a research note on Monday, April 15th.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Friday, May 3rd. The basic materials company reported ($0.03) EPS for the quarter. The firm had revenue of $4.81 million during the quarter, compared to the consensus estimate of $4.80 million.
In other news, Director James M. Franklin sold 50,000 shares of the company’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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Large investors have recently modified their holdings of the stock. Rathbone Brothers plc grew its position in Ur-Energy by 84.2% during the first quarter. Rathbone Brothers plc now owns 70,000 shares of the basic materials company’s stock worth $58,000 after buying an additional 32,000 shares in the last quarter. Virtu Financial LLC grew its position in Ur-Energy by 41.0% during the first quarter. Virtu Financial LLC now owns 96,222 shares of the basic materials company’s stock worth $79,000 after buying an additional 27,956 shares in the last quarter. Cetera Advisors LLC grew its position in Ur-Energy by 307.8% during the fourth quarter. Cetera Advisors LLC now owns 547,393 shares of the basic materials company’s stock worth $357,000 after buying an additional 413,167 shares in the last quarter. Exane Derivatives grew its position in Ur-Energy by 232.8% during the first quarter. Exane Derivatives now owns 629,000 shares of the basic materials company’s stock worth $518,000 after buying an additional 440,000 shares in the last quarter. Finally, Morgan Stanley grew its position in Ur-Energy by 851.7% during the third quarter. Morgan Stanley now owns 2,155,671 shares of the basic materials company’s stock worth $1,724,000 after buying an additional 1,929,171 shares in the last quarter.
Ur-Energy Company Profile (NYSEAMERICAN:URG)
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.
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