Shares of Uranium Resources Inc. (NASDAQ: URRE), a company engaged in the business of
acquiring, exploring, developing and mining uranium properties, recorded over 23% gains during
each of the past two consecutive trading sessions with a significant number of shares exchanging
hands. URRE was the top performer in the U.S. diversified mining sector after gaining 31.9% and closed at $2.56 Monday, while recording significant trading volumes of 2.4 million shares. URRE broke its key technical resistance level of 50-Day DMA at $2.17. Recently, the company announced that it has closed the previously announced non-cash asset exchange agreement with Rio Grande Resources Corporation, which perceived to be a strategic accomplishment that strengthens its project development pipeline and also cited its plan to have an exploration program of approximately $825,000 in 2015 for drilling and geophysical logging at the Alta Mesa Este and Butler Ranch project. During the past 5-trading sessions, URRE gained 64.1% with daily average trading volumes of 802,615 shares, while the stock accumulated 46.3% gain during the past one month with daily average trading volumes of 257,224 shares.
Company Description:
Uranium Resources, Inc. (NASDAQ: URRE) acquires, explores, develops, and mines uranium properties using the in situ leach mining process. The company sells uranium to electric utilities under long-term contracts.
1-Year Stock Chart:
Source: Bloomberg
