Ur-Energy Inc. (URG) shares are trading at higher $0.66 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $1.01.
To add more color to this target, the company’s high over the last year is $0.72 and the low is $0.27. Over the last 52 weeks, URG is up 7.46% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
URG booked profit margins of -38.90%, its Return on Equity (ROE) is -18.30%, and its Return on Assets is -8.50%. All told, it is clear that, URG needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. URG has a short ratio of 6.29 and outstanding shares of 166.13M.
URG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.02 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.05. Ur-Energy Inc. URG also noted assets of $86.62 million at the end of the last quarter. Investors should also keep an eye on sector updates as URG has historically followed its peers on positive news.
All told, Ur-Energy Inc. URG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, URG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Ur-Energy Inc. URG is now commanding a market cap of 97.73M and a float of 164.14M. URG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of URG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in URG, either long or short, and we have not been compensated for this article.