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Stock Market & Financial Investment News

News Breaks
February 7, 2014
08:31 EDTURREUranium Resources announces $10.3M registered direct offering
Uranium Resources has entered into a securities purchase agreement with certain institutional investors to sell approximately $10.3M of its common stock in a registered direct offering. Under the terms of the securities purchase agreement, URI will issue an aggregate of 3,960,000 shares of common stock at a price of $2.60 per share. The closing of the funding is expected to take place on or about February 12, subject to the satisfaction of customary closing conditions. Roth Capital Partners and Cowen and Company, LLC acted as co-placement agents in connection with the transaction. URI intends to use the net proceeds from this offering to fund the completion of ongoing technical reports for three projects in New Mexico compliant with Canadian National Instrument 43-101, reclamation work, capital expenditures, working capital and other general corporate purposes.
News For URRE From The Last 14 Days
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November 13, 2014
10:44 EDTURREUranium Resources mentioned cautiously by TheStreetSweeper
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November 10, 2014
11:12 EDTURREUranium stocks rally after Japan approves reactor restart
Stocks of companies involved with the production, exploration and extraction of uranium are higher after the Kagoshima prefecture approved the restart of the Sendai nuclear power plant in Satsumasendai, Japan. The restart, which is slated to happen next year, will be the first restart since the meltdown at the Fukushima facility in 2011. WHAT'S NOTABLE. According to a BBC report, before the Fukushima incident 30% of Japan's power was nuclear-generated. Japan's Prime Minister Shinzo Abe has argued that the nuclear shutdown is hurting Japan's economy, as it has forced Japan to import expensive fossil fuels to make up the power shortfall. STOCKS TO WATCH. Shares rising following the news include Denison Mines (DNN), which is up over 6%, Uranerz Energy(URZ), up 14%, Cameco (CCJ), up almost 2%, UR-Energy (URG), up almost 14%, Uranium Energy (UEC), up 7%, Energy Fuels (UUUU), up 11% and Uranium Resources (URRE), which is up 19% in late morning trading.

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