URG Rallies 6.9% From Support, Eyes $1.64 Breakout
$Ur-Energy(URG)$
Ur-Energy(URG) Rallied +6.94%: Uranium Miner Bounces from Support, Eyes $1.64 Resistance
Latest Close Data
Closed at $1.54 (ET 2026-03-10), up +6.94%. Currently ~34.5% below its 52-week high of $2.35.
Core Market Drivers
-
The stock rebounded strongly, likely supported by sustained institutional interest in the uranium sector, evidenced by recent ETF inflows.
-
The company continues to operate in a high-demand, supply-constrained uranium market.
Technical Analysis
-
Volume of 6.69M shares shows active participation (Volume Ratio: 1.11).
-
The 6-day RSI jumped to 47.47 from oversold levels, signaling a potential reversal.
-
However, MACD remains negative at -0.039, indicating the broader downtrend is not yet fully resolved but may be slowing.
Key Price Levels
-
Primary Support: $1.25 (recent swing low).
-
Strong Resistance: $1.64 (recent swing high, key breakout level).
-
Immediate Pivot: $1.54 (today's close). Holding above this is key for continued upward momentum.
Valuation Perspective
Trades at a P/S of 14.70 and a negative P/E (TTM) due to current losses. This is a growth/commodity play, with valuation heavily tied to future uranium price expectations rather than current earnings.
Analyst Targets
9 analysts unanimously rate it a Buy, with an average price target of $2.18, implying ~41.6% upside from current levels.
Weekly Outlook
Expect consolidation between $1.43 and $1.64. A decisive break above $1.64 could target the $1.80-$1.90 zone. Failure to hold $1.43 may lead to a retest of $1.25 support.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
-
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
-
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
