Cannon Global Investment Management LLC Takes Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Cannon Global Investment Management LLC acquired a new stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 139,800 shares of the basic materials company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in URG. Alps Advisors Inc. lifted its stake in Ur-Energy by 20.5% in the third quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock worth $28,258,000 after acquiring an additional 3,118,647 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ur-Energy by 8.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock worth $23,892,000 after acquiring an additional 1,260,419 shares during the last quarter. Azarias Capital Management L.P. lifted its stake in Ur-Energy by 13.2% in the fourth quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock worth $22,205,000 after acquiring an additional 1,686,286 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in Ur-Energy by 3.6% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after acquiring an additional 78,440 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Ur-Energy by 19.1% during the 4th quarter. Van ECK Associates Corp now owns 1,044,167 shares of the basic materials company’s stock worth $1,608,000 after buying an additional 167,335 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur-Energy Stock Down 1.4 %

Shares of Ur-Energy stock traded down $0.02 on Friday, hitting $1.40. The company’s stock had a trading volume of 39,345,732 shares, compared to its average volume of 3,415,506. Ur-Energy Inc. has a 52-week low of $0.91 and a 52-week high of $2.01. The firm has a market capitalization of $406.63 million, a PE ratio of -7.37 and a beta of 1.15.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 61.67% and a negative net margin of 173.40%. On average, research analysts expect that Ur-Energy Inc. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on URG shares. Roth Mkm reduced their price objective on shares of Ur-Energy from $2.20 to $2.10 and set a “buy” rating for the company in a research report on Thursday, May 9th. HC Wainwright cut their target price on shares of Ur-Energy from $3.40 to $3.30 and set a “buy” rating on the stock in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2.80.

Insider Buying and Selling at Ur-Energy

In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the transaction, the director now directly owns 616,133 shares in the company, valued at approximately $979,651.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director James M. Franklin sold 56,305 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total transaction of $89,524.95. Following the completion of the transaction, the director now owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robby Sai Kit Chang sold 73,474 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $1.38, for a total transaction of $101,394.12. Following the transaction, the director now directly owns 73,572 shares of the company’s stock, valued at approximately $101,529.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,879 shares of company stock worth $279,266. Corporate insiders own 3.29% of the company’s stock.

About Ur-Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.