Home / Basic Materials / Uranium Resources Inc. (URRE) Boosts Basic Materials Sector with Early Advance of 5.48% on September 22

Uranium Resources Inc. (URRE) Boosts Basic Materials Sector with Early Advance of 5.48% on September 22

Uranium Resources Inc. (URRE” target=”_new”>URRE) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of URRE” target=”_new”>URRE have climbed 5.48% about 30 minutes into the session to $1.54 after closing the day prior at $1.46. It’s early, but the stock has traded as high as $1.56 and as low as $1.52 so far. Today’s quick advance has come with about 58,037 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 $1.54 for URRE” target=”_new”>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 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of URRE” target=”_new”>URRE have traded as low as $1.26 and as high as $10.2072. Technical traders will take note that at $1.54, shares of URRE” target=”_new”>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.


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