Ur-Energy Inc. (AMEX: URG) Trading above Its 20 Day MA ($1.0783), Why Showing An Interesting Price Pattern?

Ur-Energy Inc. (AMEX:URG) does about 1.95M shares in volume on a normal day but saw 1155593 shares change hands in Friday trading. The company now has a market cap of 293.20M USD . Its current market price is $1.17, marking an increase of 3.54% compared to the previous close of $1.13. The 52 week high reached by this stock is $1.50 whilst the lowest price level in 52 weeks is $0.82. The script in recent trading has seen the stock touch a high of $1.18 and a low of $1.10.

Ur-Energy Inc. (URG) has a 20-day trading average at $1.0783 and the current price is -22.00% off the 52-week high compared with 42.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0411 and its 200-day simple moving average is $1.0826. If we look at the stock’s price movements over the week, volatility stands at 5.06%, which increases to 5.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.86 to suggest the stock is neutral.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 02, 2016 when FBR Capital initiated the stock to “Outperform” and issued a price target of $1.

The current price level is 9.44%, 12.69%, and 8.01% away from its SMA20, SMA50, and SMA200 respectively, with the URG price moving below the 50-day SMA on August 18. Ur-Energy Inc. (URG) stock is down -0.85% over the week and 17.59% over the past month. Its price is 1.74% year-to-date and 9.35% over the past year.

URG’s earnings per share are forecast to grow by 87.50% this year and 1,800.00% over next year. Expected sales for next quarter are $3.09 million, which analysts say will come at $26.53 million for the current fiscal year and next year at $60.1 million. In addition, estimates put the company’s current quarterly revenue at an average of $930k.

Outstanding shares total 264.83M with insiders holding 1.63% of the shares and institutional holders owning 56.30% of the company’s common stock. The company has a return on equity of -22.70%. The forward price to earnings ratio is 6.88. The beta has a value of 1.41. Price to book ratio is 3.44 and price to sales ratio is 45.11.

Geiger Counter Ltd raise their holdings by 15.63% in the company over the course of the most recent quarter. It now holds a 3.59% position in Ur-Energy Inc. thanks to 9.51 million shares amounting to $9.99 million.