Uranium Resources Inc. Earnings Cheat Sheet: Loss Narrows

Uranium Resources, Inc. (NASDAQ:URRE) reported its results for the third quarter. Uranium Resources is engaged in the business of acquiring, exploring, developing and mining uranium properties, using the in situ recovery or solution mining process.

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Uranium Resources Earnings Cheat Sheet for the Third Quarter

Results: Loss narrowed to $2.8 million (loss of 3 cents per diluted share) from $3.7 million (loss of 4 cents per share) in the same quarter a year earlier.

Quoting Management: Don Ewigleben, President and CEO of URI, commented, “Challenging drilling conditions, coupled with higher equipment costs due to increased industry demand, caused Phase I expenses to be higher than anticipated. This resulted in fewer than desired drilled holes and about two additional months of exploration time. Nonetheless, we remain encouraged with the properties potential and we are currently in discussions with CTI on the potential start date of Phase II work.”

Competitors to Watch: Uranium Energy Corp. (AMEX:UEC), Cameco Corporation (NYSE:CCJ), Uranerz Energy Corp. (AMEX:URZ), Ur-Energy Inc. (AMEX:URG), Denison Mines Corp. (AMEX:DNN), Crosshair Exploration & Mining Corp. (AMEX:CXZ), USEC Inc. (NYSE:USU), General Moly, Inc. (AMEX:GMO), Ur-Energy Inc. (NYSE:URE), and American Uranium Corp (ACUC).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)