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June 20, 2008

SpeculatingStocks.com Stock Pick: Uranium Resources, Inc. (URRE)

Stock Price: $2.57


Uranium Resources, Inc. engages in the acquisition, exploration, development, and mining of uranium properties. The company owns uranium interests in Texas and New Mexico.

URRE has grown revenue the last three years from $4.86 million in 2005 to $8.58 million in 2006 to $31.14 million in 2007. The company has generated strong operating cash flow the past several quarters.

URRE has a healthy balance sheet with little long term debt. The company had cash, cash equivalents and long-term investments of $11.64 million as of their latest quarter.

With oil and gas prices so high, alternative energy like nuclear, which requires uranium, should grab more attention than before. We believe URRE will benefit from this situation. URRE has just reversed and we believe it has nice upside potential from its current price.

 
     
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