Uranium Resources Inc. (NASDAQ:URRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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. “

Uranium Resources (NASDAQ:URRE) opened at 1.29 on Wednesday. Uranium Resources has a 12-month low of $1.25 and a 12-month high of $10.08. The stock has a 50 day moving average price of $1.43 and a 200-day moving average price of $1.64. The stock’s market cap is $11.05 million.

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Uranium Resources (NASDAQ:URRE) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.82) by $0.07. On average, equities analysts expect that Uranium Resources will post ($1.70) earnings per share for the current year.

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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