Ryan Schierman, Vice President of Regulatory Affairs at UR-Energy Inc. (NYSE:), recently sold 483 common shares of the company. The shares were sold at a price of $1.1718 each, amounting to a total transaction value of $565. Following this sale, Schierman no longer holds any shares in the company. The transaction was reported in a filing with the Securities and Exchange Commission on December 18, 2024.InvestingPro data shows URG currently trades near $1.22, with analyst price targets ranging from $2.00 to $3.25. The company maintains a strong balance sheet, holding more cash than debt, and receives a FAIR overall financial health rating. Want deeper insights into insider trading patterns and comprehensive financial analysis? Access the full URG Pro Research Report, part of InvestingPro’s coverage of 1,400+ US stocks.
In other recent news, Ur-Energy has seen a significant shift in its corporate structure. The mining company recently dismissed PricewaterhouseCoopers LLP (PwC) as its independent registered public accounting firm, appointing BDO USA, P.C. (BDO) in its place. This change, confirmed by the Audit Committee, came about without any disagreements or reportable events between Ur-Energy and PwC, reinforcing the company’s compliance with regulatory requirements.
Ur-Energy has also reported a robust outlook for the uranium market in its 2024 second quarter earnings call. The company has seen a substantial increase in uranium production and inventory levels, coupled with a healthy financial position, boasting a cash balance of $61.3 million and no debt. The company’s projected revenues for 2024 are estimated at $33.1 million, with a plan to deliver 570,000 pounds in sales.
Looking ahead, Ur-Energy has announced plans for construction at the Shirley Basin satellite plant to commence in spring 2025. The company also intends to deliver 730,000 pounds of uranium in 2025, using funds from a recent public offering to boost production at Lost Creek, develop Shirley Basin, and potentially fund acquisitions. These recent developments reflect Ur-Energy’s confidence in the uranium market amidst global demand for nuclear power.
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