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TMCNet:  Uranium Resources Down 8.1%, Shares Slide into the Red (URRE)

[December 28, 2012]

Uranium Resources Down 8.1%, Shares Slide into the Red (URRE)

Dec 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Uranium Resources (NASDAQ:URRE) is one of today's worst performing penny stocks, down 8.1% to $0.30 on 1.2x average daily volume. Thus far today, Uranium Resources has traded 656,000 shares, vs. average volume of 560,000 shares per day. The stock has underperformed the Dow (-8.2% to the Dow's -0.4%) and underperformed the S&P 500 (-8.2% to the S&P's -0.4%) during today's trading.
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Uranium Resources share prices have moved between a 52-week high of $3.60 and a 52-week low of $0.30 and are now trading 1% above that low price at $0.30 per share. The 200-day and 50-day moving averages have moved 1.6% lower and 1.82% lower over the past week, respectively.

Uranium Resources (NASDAQ:URRE) has potential upside of 229.9% based on a current price of $0.30 and analysts' consensus price target of $1.00. The stock should find initial resistance at its 50-day moving average (MA) of $0.37 and further resistance at its 200-day MA of $0.59.

Uranium Resources, Inc. 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.

SmarTrend recommended that its subscribers protect gains by selling shares of Uranium Resources on October 25th, 2012 by issuing a Downtrend alert when the shares were trading at $0.40. Since that call, shares of Uranium Resources have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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