Uranium Resources, Inc. (URRE) Posts Earnings Results
Uranium Resources, Inc. (NASDAQ:URRE) announced its earnings results on Monday. The basic materials company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02, MarketWatch Earnings reports. During the same period last year, the firm posted ($0.86) EPS.
Uranium Resources (NASDAQ URRE) traded down 1.8929% during midday trading on Tuesday, hitting $1.3735. The company had a trading volume of 24,891 shares. The stock’s 50-day moving average price is $1.48 and its 200-day moving average price is $1.70. Uranium Resources has a 52-week low of $0.97 and a 52-week high of $4.00. The stock’s market cap is $33.67 million.
A hedge fund recently bought a new stake in Uranium Resources stock. Citadel Advisors LLC purchased a new stake in shares of Uranium Resources, Inc. (NASDAQ:URRE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 155,634 shares of the basic materials company’s stock, valued at approximately $293,000. Citadel Advisors LLC owned about 0.64% of Uranium Resources at the end of the most recent quarter. 6.03% of the stock is owned by institutional investors.
A number of brokerages have commented on URRE. Zacks Investment Research cut Uranium Resources from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Roth Capital set a $3.00 price target on Uranium Resources and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, ValuEngine raised Uranium Resources from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th.
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About Uranium Resources
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.
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