Ur-Energy Inc. (TSE:URE, NYSE:URG) experienced a notable rise in its share price, surpassing its 50-day moving average during trading on Friday. The stock’s 50-day moving average stood at C$1.89, while it reached a peak of C$2.35 before settling at C$2.29 by the end of the trading session. A total of 352,123 shares changed hands, indicating increased trading activity.
Analysts have taken a positive stance on Ur-Energy’s prospects. On October 26, 2023, Northland Capital Markets elevated Ur-Energy’s rating to “strong-buy” in a research note. Currently, three analysts have assigned the stock a “strong-buy” rating, leading to a consensus rating of “strong-buy,” according to MarketBeat.
Recent Earnings and Financial Performance
Ur-Energy published its latest earnings results on November 3, 2023. The company reported an earnings per share (EPS) of C($0.07) for the quarter, alongside revenues amounting to C$6.32 million. Despite these figures, Ur-Energy exhibited a negative net margin of 234.02% and a negative return on equity of 38.84%. Analysts project that Ur-Energy will record an EPS of 0.0273858 for the current fiscal year.
Ur-Energy, an exploration-stage mining company, focuses on uranium mining, recovery, and processing. The firm is involved in the acquisition, exploration, development, and operation of uranium mineral properties within the United States. Notable projects include Lost Creek and Shirley Basin, among others.
With the recent stock performance and positive analyst outlook, investors are closely monitoring Ur-Energy’s next moves in the market. As the company navigates its financial landscape, it will be essential to observe how these developments affect its operations and profitability.
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