Home / Basic Materials / Midday Update: Uranium Resources Inc. (URRE) Charges Ahead 3.01% on September 22

Midday Update: Uranium Resources Inc. (URRE) Charges Ahead 3.01% on September 22

Uranium Resources Inc. (URRE) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of URRE have gained 3.01% to $1.5 after closing the day prior at $1.46. In the first two and a half hours of trading, the stock has gone as high as $1.57 and as low as $1.48. Today’s rise has come with about 293,135 shares changing hands, compared to an average 30-day volume of 1.43 million for Uranium Resources Inc.. The price is currently below the 30-day volume weighted average price of $1.52 for URRE.

The share appreciation gives the company a market capitalization of $12.5 million based upon 8.56 million shares outstanding. It also means that URRE has a price-to-book ratio of 0.32:1.

In the past 52 weeks, shares of URRE have traded as low as $1.26 and as high as $10.2072. Technical traders will take note that at $1.5, shares of URRE are trading below their 200-day MA at $2.67 and above their 50-day MA at $1.48. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is URRE?

Uranium Resources Inc is a uranium exploration, development and production company. It acquires, explores for, develops, and mines uranium properties using the in situ recovery process. The company’s 40 employees are led by CEO Christopher Jones from the corporate headquarters at 6950 South Potomac Street in Centennial, CO.

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