Uranium Resources, Inc. (URRE) was a big mover last session with its shares rising nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company, as the stock has now lost over 12% in the past one-month time frame.
This mining company has witnessed one positive estimate revision in the last 7 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Uranium Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked mining stocks include Rio Tinto plc (RIO), Platinum Group Metals Ltd. (PLG) and Denison Mines Corp. (DNN). All these stocks carry a Zacks Rank #2 (Buy).
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