Uranium Resources, Inc. (NASDAQ:URRE) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Uranium Resources, Inc. (NASDAQ:URRE) from a buy rating to a hold rating in a research report sent to investors on Wednesday, July 26th.

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. “

Other research analysts have also recently issued reports about the stock. Roth Capital set a $3.00 price target on shares of Uranium Resources and gave the stock a buy rating in a report on Wednesday, May 24th. ValuEngine cut shares of Uranium Resources from a sell rating to a strong sell rating in a report on Wednesday, June 7th.

Shares of Uranium Resources (URRE) traded down 2.16% during midday trading on Wednesday, reaching $1.36. 254,539 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $1.48 and its 200-day moving average is $1.76. Uranium Resources has a 12-month low of $0.97 and a 12-month high of $4.00. The stock’s market cap is $33.34 million.

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An institutional investor recently bought a new position in Uranium Resources stock. Citadel Advisors LLC bought a new stake in Uranium Resources, Inc. (NASDAQ:URRE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 155,634 shares of the basic materials company’s stock, valued at approximately $293,000. Citadel Advisors LLC owned 0.64% of Uranium Resources at the end of the most recent quarter. 6.03% of the stock is currently 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.

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