In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ur-Energy Inc. (USA)(NYSEMKT:URG) reported that Global X Management Co Llc. has picked up 8,397,996 of common stock as of 2017-01-30.
The acquisition brings the aggregate amount owned by Global X Management Co Llc. to a total of 8,397,996 representing a 5.85% stake in the company.
For those not familiar with the company, Ur-Energy Inc. is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming. Its land portfolio includes over 10 projects in the United States. It controls a total approximately 2,100 unpatented mining claims and over four State of Wyoming mineral leases for a total of approximately 42,000 acres in the area of the Lost Creek Property, including the Lost Creek permit area and certain adjoining properties, which refers to as LC East, LC West, LC North, LC South and EN project areas. Its Wyoming properties together total over 66,000 acres and include over two properties Shirley Basin and Lucky Mc.
A glance at Ur-Energy Inc. (USA)(NYSEMKT:URG)’s key stats reveals a current market capitalization of 110.63 million based on 143.61 million shares outstanding and a price at last close of $0.790 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-17, Klenda picked up 1,000,000 at a purchase price of $0.50. This brings their total holding to 2,826,259 as of the date of the filing.
On the sell side, the most recent transaction saw Hatten unload 2,179 shares at a sale price of $0.66. This brings their total holding to 41,622.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ur-Energy Inc. (USA)(NYSEMKT:URG) as things move forward to see if its progress aligns with these transactions.
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