Can Buying Ur-Energy Inc. (AMEX: URG) Still Be Worthwhile?

Ur-Energy Inc. (AMEX:URG) does about 3.16M shares in volume on a normal day but saw 2445514 shares change hands in Friday’s trading. The company now has a market cap of 425.26M USD. Its current market price is $1.51, marking a decrease of -4.43% compared to the previous close of $1.58. The 52 week high reached by this stock is $2.01 whilst the lowest price level in 52 weeks is $0.91.

Ur-Energy Inc. (URG) has a 20-day trading average at $1.7265 and the current price is -24.88% off the 52-week high compared with 65.93% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7190 and its 200-day simple moving average is $1.6129. If we look at the stock’s price movements over the week, volatility stands at 5.68%, which decreases to 4.45% 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 31.70 to suggest the stock is neutral.

The consensus objective for the share price is $2.89, suggesting that the stock has a potential upside of 47.75% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 02, 2024 when B. Riley Securities initiated the stock to “Buy” and issued a price target of $3. H.C. Wainwright resumed its price target at $2.10.

Ur-Energy Inc. (URG) stock is down -16.11% over the week and -13.22% over the past month. Its price is -1.95% year-to-date and 46.60% over the past year.

To reach the target analysts have set, the stock logically needs to grow 47.75 percent from here.

The company has a return on investment of -62.49% and return on equity of -55.89%. The forward price to earnings ratio is 24.16. The beta has a value of 1.16. Price to book ratio is 5.53 and price to sales ratio is 37.87.