Mon Sep 23 22:07:02 UTC 2024: ## Ur-Energy’s COO Sells Significant Shares, Company Remains Positive on Uranium Market

**Littleton, Colorado** – Ur-Energy Inc. (NYSEAMERICAN: URG) saw a significant insider transaction this week, with Chief Operating Officer Steven M. Hatten selling 179,733 common shares of the company for a total of over $214,000. The sale, disclosed in a filing with the Securities and Exchange Commission, occurred on September 20, 2024, at a price of $1.1943 per share.

Hatten also exercised options to acquire the same number of shares at a price of $0.5824 per share, totaling approximately $104,676. While his ownership in Ur-Energy decreased following the sale, he still retains a significant number of shares.

Despite this transaction, the company remains optimistic about the uranium market. Ur-Energy reported robust Q2 2024 earnings, revealing a 64% increase in uranium production from the previous quarter. They delivered two shipments totaling 70,390 pounds of uranium in Q2, and ended June with an inventory of 74,625 pounds. The company reported a strong financial position, with a cash balance of $61.3 million and no debt.

Ur-Energy forecasts delivering 570,000 pounds of uranium in 2024, with revenues of $33.1 million. Construction at the Shirley Basin satellite plant is expected to begin in spring 2025. The company plans to deliver 730,000 pounds of uranium in 2025 and increase production at Lost Creek.

While the company acknowledges market volatility and supply chain issues, they remain confident in the uranium market, predicting strong prices due to increasing global demand for nuclear power.

Financial data from InvestingPro indicates that Ur-Energy has experienced remarkable revenue growth of 144.31% over the last twelve months, with a staggering quarterly revenue growth of 11,830.77% in Q2 2024. However, the company is facing challenges with a gross profit margin of -229.27%, suggesting difficulties in translating sales into profits.

Despite these challenges, Ur-Energy’s financial stability is evident in its holding of more cash than debt, and its liquid assets exceeding short-term obligations. Investors interested in a deeper analysis can find additional insights on InvestingPro’s website.

Read More