Ur-Energy Inc.’s (TSE:URE) Share Price Is Still Matching Investor Opinion Despite 33% Slump
The Ur-Energy Inc. (TSE:URE) share price has softened a substantial 33% over the previous 30 days, handing back much of the gains the stock has made lately. Looking back over the past twelve months the stock has been a solid performer regardless, with a gain of 12%.
Even after such a large drop in price, when almost half of the companies in Canada’s Oil and Gas industry have price-to-sales ratios (or “P/S”) below 2.6x, you may still consider Ur-Energy as a stock not worth researching with its 12.5x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
