Uranium Resources, Inc. (URRE) Announces Quarterly Earnings Results
Uranium Resources, Inc. (NASDAQ:URRE) issued its quarterly earnings results on Monday. The basic materials company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02, MarketWatch Earnings reports. During the same period last year, the company earned ($0.86) earnings per share.
Uranium Resources (NASDAQ URRE) traded down 1.8929% during mid-day trading on Tuesday, hitting $1.3735. The stock had a trading volume of 24,891 shares. The firm’s 50-day moving average is $1.48 and its 200 day moving average is $1.70. The stock’s market cap is $33.67 million. Uranium Resources has a one year low of $0.97 and a one year high of $4.00.
A number of research firms have recently commented on URRE. Roth Capital set a $3.00 price objective on Uranium Resources and gave the stock a “buy” rating in a report on Wednesday, May 24th. Zacks Investment Research upgraded Uranium Resources from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, June 21st. Finally, ValuEngine downgraded Uranium Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 7th.
An institutional investor recently raised its position in Uranium Resources stock. Vanguard Group Inc. increased its position in Uranium Resources, Inc. (NASDAQ:URRE) by 21.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,692 shares of the basic materials company’s stock after buying an additional 53,524 shares during the period. Vanguard Group Inc. owned approximately 1.25% of Uranium Resources worth $456,000 at the end of the most recent quarter. 6.03% of the stock is owned by institutional investors.
Uranium Resources Company Profile
Uranium Resources, Inc is engaged in developing energy-related metals. As of December 16, 2016, the Company had developed land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and development of any resources that may be discovered there. In addition, it remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project.
Receive News & Stock Ratings for Uranium Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Resources Inc. and related stocks with our FREE daily email newsletter.