What Makes Ur-Energy Inc. (AMEX: URG) One Of The Best Momentum Picks?

Ur-Energy Inc. (AMEX:URG) shares, rose in value on Thursday, May 16, with the stock price down by -0.58% to the previous day’s close as strong demand from buyers drove the stock to $1.73.

Actively observing the price movement in the recent trading, the stock is buoying the session at $1.74. Referring to stock’s 52-week performance, its high was $2.01, and the low was $0.84. On the whole, URG has fluctuated by 2.36% over the past month.

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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 34.58M, with a low estimate of 4.6M and a high estimate of 9.75M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.72M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that URG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of URG currently trading nearly 0.23% and 4.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.84, while the 7-day volatility ratio is showing 3.77% which for the 30-day chart, stands at 4.41%. Furthermore, Ur-Energy Inc. (URG)’s beta value is 1.15, and its average true range (ATR) is 0.08.

A comparison of Ur-Energy Inc. (URG) with its peers suggests the former has fared considerably weaker in the market. URG showed an intraday change of -0.58% in today’s session so far, and over the past year, it grew by 92.25%%.

Data on historical trading for Ur-Energy Inc. (AMEX:URG) indicates that the trading volumes over the past 3 months, they’ve averaged 2.97 million. According to company’s latest data on outstanding shares, there are 270.90 million shares outstanding.

Nearly 5.34% of Ur-Energy Inc.’s shares belong to company insiders and institutional investors own 47.03% of the company’s shares. The stock has risen by 12.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the URG stock heading into the next quarter.

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