Energy & Mining

Uranium Resources, Inc. (Nasdaq: URRE) Up Big

Uranium Resources, Inc. – Nasdaq: URRE

Shares of Centennial, CO-based Uranium Resources Inc. are up over 45% on heavy volume. The explorer, developer, and producer of energy related metal trades on the Nasdaq under ticker URRE. URRE closed Tuesday at $2.25 and has reached $3.44 in early trading. Year-to-date, URRE has appreciated over 60%.

The company owns and operates the Temrezli ISR project in Central Turkey; and controls exploration properties under nine exploration and operating licenses covering approximately 32,000 acres. The company also holds interest in approximately 190,000 acres of mineral holdings in the prolific Grants Mineral Belt of the State of New Mexico; and 14,000 acres in the South Texas uranium province. In addition, it holds an agreement to acquire certain placer mining claims in the Sal Rica lithium brine project that covers an area of approximately 9,800 acres located in the Pilot Valley region of northwestern Utah.

Only one firm follows Uranium Resources, Inc. and their analyst gives shares of URRE a “Strong Buy” rating.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Ticker Symbol URRE
Last Price a/o 10:34 AM EST  $                      6.40
Average Volume 1.34 million
Market Cap $31.3 million
Shares Outstanding 13.9 million
Share Float 13.34 million
Shortable Yes
Optionable No
Inside Ownership 0.20%
Short Float 13.34%
Short Interest Ratio 0.71
Quarterly Return 63.04%
YTD Return 64.23%
Year Return -60.94%

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James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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