BUZZ-Ur-Energy slides after $100 million convertible bonds offering
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Ur-Energy's shares dropped 14% after announcing a $100 million convertible bonds offering due 2031, with a 4.75% interest rate. The proceeds will fund project development and general purposes. The initial conversion price is set at $1.73, a 27.5% premium to the last sale price. Despite the drop, brokerages rate the stock as "buy" with a median price target of $2.33. URG stock is up 20.4% YTD.
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