2. Ur-Energy (URG) is a development-stage junior mining company engaged in the identification, acquisition, evaluation, exploration and development of uranium mineral properties in Canada and the U.S. The company's prime focus is to develop its roll front style uranium development projects (specifically the Lost Creek project) with in-situ recovery (ISR) potential located in Wyoming. The company holds mineral properties in the U.S. and Canada totaling more than 230,000 acres (more than 93,000 hectares).
Being a development stage company, Ur-Energy has not earned any revenue since inception. For the quarter ended Mar. 2011, the company reported a net loss of $4.6 million, or 4 cents per share, as opposed to a loss $4.7 million, or 5 cents per share, in the earlier year quarter. Cash and cash equivalents stood at $27.1 million, compared to $28.7 million at the end of Dec. 2010.
At the end of March 2011, the company had measured and indicated resources totaling 4.73 million tons and 5.22 million pounds of uranium at its Lost Creek project.Of the six analysts covering the stock, 83% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 98.7% upside to $3.14 in value from current levels.
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