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The Potential Rise in the Price of Ur-Energy Inc. (URG) following insiders activity

Ur-Energy Inc.’s recently made public that its Director FRANKLIN JAMES M. unloaded Company’s shares for reported $18260.0 on Jan 30 ’24. In the deal valued at $1.83 per share,10,000 shares were sold. As a result of this transaction, FRANKLIN JAMES M. now holds 616,133 shares worth roughly $1.06 million.

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Then, FRANKLIN JAMES M. sold 5,000 shares, generating $8,627 in total proceeds. Upon selling the shares at $1.73, the Director now owns 616,133 shares.

Before that, FRANKLIN JAMES M. sold 50,527 shares. Ur-Energy Inc. shares valued at $77,640 were divested by the Director at a price of $1.54 per share. As a result of the transaction, FRANKLIN JAMES M. now holds 616,133 shares, worth roughly $1.06 million.

B. Riley Securities initiated its Ur-Energy Inc. [URG] rating to a Buy in a research note published on February 02, 2024; the price target was $3. A number of analysts have revised their coverage, including FBR Capital’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Rodman & Renshaw started covering the stock on August 10, 2011. It rated URG as “a Mkt outperform”.

Price Performance Review of URG

On Monday, Ur-Energy Inc. [AMEX:URG] saw its stock fall -1.15% to $1.72. Over the last five days, the stock has lost -4.44%. Ur-Energy Inc. shares have risen nearly 11.69% since the year began. Nevertheless, the stocks have risen 76.34% over the past one year. While a 52-week high of $2.01 was reached on 02/05/24, a 52-week low of $0.84 was recorded on 03/14/24. SMA at 50 days reached $1.6556, while 200 days put it at $1.5576. A total of 2.38 million shares were traded, compared to the trading of 2.36 million shares in the previous session.

Levels Of Support And Resistance For URG Stock

The 24-hour chart illustrates a support level at 1.6917, which if violated will result in even more drops to 1.6633. On the upside, there is a resistance level at 1.7667. A further resistance level may holdings at 1.8133. The Relative Strength Index (RSI) on the 14-day chart is 50.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0183, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.56%. Stochastics %K at 55.03% indicates the stock is a holding.

The most recent change occurred on December 30, 2010 when Rodman & Renshaw resumed its ‘”a Mkt outperform”‘ rating for the stock and retained the price target to $4.25.

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