Uranium Resources Inc. (NASDAQ:URRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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) traded down 0.0233% during midday trading on Wednesday, reaching $1.2897. The company’s stock had a trading volume of 253,413 shares. The firm has a 50 day moving average price of $1.43 and a 200 day moving average price of $1.64. The firm’s market capitalization is $11.04 million. Uranium Resources has a 1-year low of $1.25 and a 1-year high of $10.08.

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Uranium Resources (NASDAQ:URRE) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.75) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.82) by $0.07. On average, analysts predict that Uranium Resources will post ($1.70) EPS for the current year.

Uranium Resources Company Profile

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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