Ur-Energy Inc: Up 16.0% in 6 days
Friday, June 22, 2007 at 3:30PM
Uranium Stocks in Uranium Mining Stocks
Ur-Energy Incorporated was as low as $4.18 on the 13th June 2077 and this uranium stock closed yesterday at $4.85 for a gain of 16.0%.

We had joked that some of the less savvy investors miss took this stock for UraMin Incorporated and bought it by mistake but that is a little unfair, to say the least, on Ur-Energy Incorporated. On closer inspection we can see that the news flow recently has been pretty good starting with the Exploration, Development and Mine Operating Agreement with Target Exploration & Mining to form the Bootheel Project. The Bootheel Project covers a defined area of approximately 6,000 acres in the Shirley Basin area. This was quickly followed with the news that Ur-Energy had been selected to be included in the new S&P/TSX Global Mining Index, which was launched Tuesday, June 12, 2007. Finally we have news that Ur-Energy has new office space in Casper, Colorado as they increase their staff from around 10 to around 20 in order to order to advance and establish a production office. So, this management team is demonstrating that it is pro-active and is actually getting things done. Well done to all of them.

Ur-Energy Chart 21jun07


Taking a quick look at the chart we can see that Ur-Energy has been holding up pretty well while other uranium stocks have indeed suffered at the hands of profit takers. You will note that the technical indicators are all at or near to the top of their respective ranges, which suggest that it could have run a little ahead of itself. However it will be interesting to see if it can break out above its previous high and put in a decent rally. With all the take over rumours doing the rounds you never know!

Ur-Energy trades on the TSE under the symbol of URE.
Article originally appeared on Uranium Stocks (http://www.uranium-stocks.net/).
See website for complete article licensing information.