Zacks Investment Research upgraded shares of Uranium Resources, Inc. (NASDAQ:URRE) from a hold rating to a buy rating in a report issued on Friday. The firm currently has $1.50 price objective on the stock.
According to Zacks, “Uranium Resources, Inc. was formed in 1977 and incorporated in the state of Delaware in 1987 to acquire, explore and develop properties for the mining of uranium (hereinafter sometimes referred to as U3 08) in the United States using the in situ leach mining process (ISL). The Company has two developed mining properties – Kingsville Dome and Rosita – both located in South Texas. “
Shares of Uranium Resources (NASDAQ:URRE) traded up 6.71% during midday trading on Friday, reaching $1.75. The company had a trading volume of 1,577,936 shares. Uranium Resources has a one year low of $0.97 and a one year high of $6.48. The company has a 50-day moving average price of $1.40 and a 200 day moving average price of $1.42. The company’s market capitalization is $23.42 million.
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About Uranium Resources
Uranium Resources, Inc is a uranium exploration, development and production company. The Company has approximately 190,000 acres of mineral holdings in the prolific Grants Mineral Belt of the State of New Mexico and approximately 14,000 acres in the South Texas uranium province. Its uranium exploration and development activities are focused principally in the United States and the Republic of Turkey.
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