URG Stock Crowded With Sellers Friday, June 21, 2:03 PM ET, by Market News Video Staff In trading on Friday, shares of UR-Energy Inc (URG) entered into oversold territory, changing hands ...
URG Crosses Critical Technical Indicator Friday, July 26, 11:36 AM ET, by Market News Video Staff In trading on Friday, shares of UR-Energy Inc (URG) entered into oversold territory, changing hands ...
UR-Energy (URG) Shares Enter Oversold Territory Thursday, February 20, 3:57 PM ET, by Market News Video Staff In trading on Thursday, shares of UR-Energy Inc (URG) entered into oversold territory, changing hands ...
Investors Bag URG Even Cheaper Than Its Secondary Stock Offering
By Market News Video Staff, Friday, August 2, 11:48 AM ET
Looking back to 7 days ago, UR-Energy Inc (AMEX:URG) priced a 57,150,000 share secondary stock offering at $1.05 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Friday, bargain hunters could buy shares of URG and achieve a cost basis 1.0% cheaper than those buyers, with shares changing hands as low as $1.04 per share.
Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, UR-Energy Inc shares are currently trading off about 5% on the day. The chart below shows the one year performance of URG shares, versus its 200 day moving average:
Looking at the chart above, URG's low point in its 52 week range is $1 per share, with $2.01 as the 52 week high point — that compares with a last trade of $1.05.
This Article's Word Cloud:AMEXBuyersDaysDollarsEnergyFridayJoinLookingOfferOfferingsRecentSecondariesSecondarySevenSpecialStartStockValueForumaboutaboveachieveannouncementattractiveaveragebackbargainbasisbecausebeenbeforebelowbullishbuyersbuyingchangingchartcheapercheckinvestmentlastofferingpointpricedsharesharesstockthattradingweekwith
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