New York State Common Retirement Fund bought a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 155,000 shares of the basic materials company’s stock, valued at approximately $217,000. New York State Common Retirement Fund owned 0.08% of Ur-Energy at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of URG. BlackRock Inc. acquired a new position in Ur-Energy during the first quarter worth about $29,000. EAM Investors LLC acquired a new stake in shares of Ur-Energy in the first quarter valued at approximately $1,080,000. Cim LLC acquired a new stake in shares of Ur-Energy in the first quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Ur-Energy by 37.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,913,880 shares of the basic materials company’s stock valued at $4,305,000 after purchasing an additional 1,060,688 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of Ur-Energy in the first quarter valued at approximately $366,000. Institutional investors own 25.86% of the company’s stock.
Shares of URG stock opened at $1.69 on Tuesday. The company has a fifty day simple moving average of $0.70. Ur-Energy Inc. has a 52 week low of $0.42 and a 52 week high of $2.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 4.32 and a current ratio of 4.32. The stock has a market cap of $331.03 million, a P/E ratio of -13.00 and a beta of 1.72.
In related news, CEO Jeffrey T. Klenda sold 160,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $1.59, for a total transaction of $254,400.00. Following the transaction, the chief executive officer now directly owns 2,936,172 shares of the company’s stock, valued at $4,668,513.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.
Several analysts have recently commented on the stock. HC Wainwright reiterated a “buy” rating and issued a $2.10 price target on shares of Ur-Energy in a research report on Tuesday, July 13th. Zacks Investment Research downgraded shares of Ur-Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 15th.
Ur-Energy Company Profile
Ur-Energy, Inc is an exploration stage mining company, which engages in the development and exploration of mineral properties. Its portfolio includes the Lost Creek uranium project, Shirley Basin mine site, Lost Soldier property, and Lucky Mc Mine site. The company was founded by Jeffrey T. Klenda and Paul W.
Read More: Initial Coin Offering (ICO)
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