Ur-Energy: 3 Different Insiders Have Purchased Shares During The Last 30 Days

Jun. 3.14 | About: Ur-Energy Inc. (URG)

Summary

3 insiders purchased Ur-Energy stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

2 of these 3 insiders increased their holdings by more than 10%.

Ur-Energy (NYSEMKT:URG) is engaged in the identification, acquisition, evaluation, exploration, development, and operation of uranium mineral properties.

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Insider buying during the last 30 days

Here is a table of Ur-Energy's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Paul Macdonell Director May 30 35,500 191,492 shares +22.8%
Jeffrey Klenda Chairman May 30 100,000 1,734,345 shares +6.1%
Wayne Heili CEO May 30 50,000 192,628 shares +35.1%
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There have been 185,500 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Ur-Energy's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
May 2014 185,500 0
April 2014 0 0
March 2014 0 428,106
February 2014 0 0
January 2014 5,000 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 0 0
July 2013 0 0
June 2013 0 0
May 2013 0 0
April 2013 0 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
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There have been 190,500 shares purchased and there have been 428,106 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.

Financials

Ur-Energy reported the first-quarter financial results on May 1 with the following highlights:

Revenue $6.1 million
Net loss $1.9 million
Cash $4.7 million
Debt $40.6 million
Pounds sold 110,000
Cash cost $19.38 per pound
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The three insiders purchased their shares after these results.

(Source: Investor presentation)

Outlook

Ur-Energy's guidance is as follows:

2014 2015
Revenue $26.5 million $31 million
Sales commitments 518,000 pounds 630,000 pounds
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Ur-Energy doesn't expect that it needs to raise additional working capital during 2014.

Competition

Ur-Energy's competitors include Cameco (NYSE:CCJ) and Uranium Energy (NYSEMKT:UEC). Here is a table comparing these companies.

Company URG CCJ UEC
Market Cap: 155.78M 7.85B 146.45M
Employees: 30 N/A 91
Qtrly Rev Growth (yoy): N/A -0.06 N/A
Revenue: 13.76M 2.23B 4.77M
Gross Margin: -0.47 0.38 -1.68
EBITDA: -12.88M 601.76M -16.37M
Operating Margin: -1.25 0.15 -4.21
Net Income: -25.11M 290.48M -22.04M
EPS: -0.20 1.03 -0.26
P/E: N/A 19.27 N/A
Forward P/E: 40.33 14.80 N/A
PEG (5 yr expected): N/A 3.57 N/A
P/S: 11.32 3.52 30.71
P/B: 4.13 1.54 2.83
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Ur-Energy has the second-lowest P/S ratio among these three companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
CCJ 38,498 16,402
UEC 5,000 0
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Only Ur-Energy has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying Ur-Energy, and there have not been any insiders selling Ur-Energy during the last 30 days. Two of these three insiders increased their holdings by more than 10%. Ur-Energy has an insider ownership of 6.34%.

The three insiders purchased their shares at $1.23. I believe Ur-Energy could be a good pick below $1.23 based on the intensive insider buying.

(Source: Investor presentation)

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in URG over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.