UR-Energy Inc. (URG) was a big mover last session, as the company saw its shares rise nearly 18% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $1.11 to $1.24.
This mining company has seen three positive estimate revisions and two negative revisions in the last 60 days, while the Zacks Consensus Estimate moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.
UR-Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked stocks in the same industry include Rio Tinto plc (RIO), Solitario Exploration & Royalty Corp. (XPL) and General Moly, Inc. (GMO). All these stocks carry a Zacks Rank #2 (Buy).
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