Uranium Resources, Inc. engages in the acquisition, exploration, development, and mining of uranium properties. It holds interest in the Kingsville Dome property comprising approximately 2,354 gross and net acres in central Kleberg County, Texas; and the Rosita and Rosita South property consisting of 2075 gross and net acres, including 775 acres in Rosita and 1300 acres in Rosita South in north-central Duval County, Texas. The company also owns interest in the Vasquez property with 872 gross and net acres located in southwestern Duval County, South Texas; and the Mosser Exploration property with Hope Garden, which has 1500 gross and 825 net acres, Orange Grove that has 1547 gross and 851 net acres, and Ben Bolt comprising 2350 gross and net acres in Jim Wells county, Texas. In addition, Uranium Resources holds the Marshall Exploration property with 1953 gross and net acres in Duval and McMullen counties, Texas; the Church Rock properties with approximately 2,200 gross and net acres in McKinley County, New Mexico; the Crownpoint properties located in the San Juan Basin in Gallup, New Mexico; and the Nose Rock property with approximately 6,400 acres in about 12 miles northeast of Crownpoint, New Mexico. Further, it owns the West Largo property that consist of six contiguous sections of land in McKinley County, New Mexico; and the Roca Honda property with four sections of land totaling approximately 2,560 acres in McKinley County, New Mexico. The company was founded in 1977 and is based in Lewisville, Texas.
This morning 9/04/2008 we are continuing yesterday’s POD and staying with URRE. It is already trading in the Pre-Market with over 250,000 shares traded and is up over 6% already.
Our 15 Minute Chart is showing a big move with the Stochastics in excellent position for an entry into URRE:
Finally our Weekly chart is starting to to signal a possible upward trend. We are putting our stop in just above yesterday’s close of $3.20 and will start to tighten this up if volume begins to dry up to lock in profits. There is also a lot of speculation that URRE is a prime take over target, which you can read about on Bloomberg.com:
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