Topic: How To Invest

Pat: what are the future prospects for the following stock: Uranium Resources?

Article Excerpt

Uranium Resources, $1.06, symbol URRE on Nasdaq (Shares outstanding: 93.4 million; Market cap: $105.7 million; www.uraniumresources.com), owns uranium prospects in Texas and New Mexico. The company has a joint-venture agreement with Cameco on its property in Texas. The partners are currently undertaking a $1 million drilling program. In New Mexico, Uranium Resources is undertaking a feasibility study that it hopes will lead to a mine at its Churchrock/Crownpoint project. So far, the company has outlined a deposit of about 101.4 million pounds of uranium. Uranium Resources is okay to hold, but only for highly aggressive investors. …