Zacks Investment Research downgraded shares of Uranium Resources, Inc. (NASDAQ:URRE) from a buy rating to a hold rating in a research note issued to investors on Saturday.

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. “

Uranium Resources (NASDAQ:URRE) opened at 2.52 on Friday. The company’s market capitalization is $33.73 million. Uranium Resources has a one year low of $0.97 and a one year high of $5.75. The firm has a 50-day moving average of $1.40 and a 200-day moving average of $1.42.

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About Uranium Resources

Uranium Resources, Inc is a uranium exploration, development and production company. The Company has approximately 190,000 acres of mineral holdings in the prolific Grants Mineral Belt of the State of New Mexico and approximately 14,000 acres in the South Texas uranium province. Its uranium exploration and development activities are focused principally in the United States and the Republic of Turkey.

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