Zacks Investment Research upgraded shares of Uranium Resources, Inc. (NASDAQ:URRE) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $2.00 price objective on the stock.
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. “
Separately, Roth Capital set a $3.00 price target on Uranium Resources and gave the stock a buy rating in a report on Saturday, March 18th.
Shares of Uranium Resources (NASDAQ:URRE) opened at 1.81 on Wednesday. The firm has a 50-day moving average price of $1.96 and a 200 day moving average price of $1.64. The company’s market capitalization is $44.33 million. Uranium Resources has a 12-month low of $0.97 and a 12-month high of $4.00.
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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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