S&P 500
7,485.00
-0.19%
Dow Jones
52,305.90
-0.05%
Nasdaq 100
30,147.40
-0.46%
Russell 2000
3,018.77
-0.17%
FTSE 100
10,490.20
-0.43%
Nikkei 225
70,752.30
-0.36%

Infrastructure

Uranium Resources Loves Its Executive Changes (URRE)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Uranium Resources, Inc. (NASDAQ:URRE), the speculative uranium explorer and miner, has made several executive change decsions today.  The stock has been up most of the day and shares are still up more than 8%, although the actual press release for the executive switches didn’t come until this afternoon.

The company has named Dave Clark as CEO, and he is currently president.  Paul Willmott will remain as executive chairman.  The COO role has been assumed by Richard Van Horn, who has been UR’s Senior VP of Operation and has been at the company since 1997.

The company has a stated goal of becoming a 10 million pound uranium producer by 2014.  It only had $8.58 million in 2006 revenues, so if Uranium prices stay anywhere close to current nuclear levels it is saying it wants to be far larger than today.  Revenues last quarter were $4.5 million.  The current market cap for the stock is now over $500 million and shares are within a few percent of recent highs. 

Jon C. Ogg
August 8, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Here's How You Can Retire to the Mountains of Asheville, North Carolina, at 65 on $975,000
Drew Wood |

Here's How You Can Retire to the Mountains of Asheville, North Carolina, at 65 on $975,000
Why a $50,000 401(k) Loan at 50 Could Quietly Cost You $100,000 by Retirement
Marc Guberti |

Why a $50,000 401(k) Loan at 50 Could Quietly Cost You $100,000 by Retirement

Continue Reading

Jon C. Ogg |

Uranium’s Nuclear Profits (CCJ, URRE, UEC, URA)

Uranium miner Cameco Corp. (NYSE: CCJ) reported third quarter EPS of $0.20 today on revenue of $419 million. Revenue was…

Down 40%, This 1 Super Growth Stock Can Double By 2026
Rich Duprey |

Down 40%, This 1 Super Growth Stock Can Double By 2026

A Growth Stock to Enrich Your Portfolio enCore Energy (NASDAQ:EU) is a U.S.-based uranium producer leveraging in-situ recovery (ISR) technology…

Paul Ausick |

Expected Price Gains in Uranium Mining and Nuclear Energy (CCJ, DNN, URRE, URZ, UEC, URG, USU, GE, SHAW, ARVCF, TOSBF)

The outlook for uranium miners and nuclear power plant builders has dimmed considerably following the disaster at Japan’s Fukushima Daiichi…

Uranium Energy Insiders Snap Up Shares Discounted by Kerrisdale Short Report Selling Pressure
247patrick |

Uranium Energy Insiders Snap Up Shares Discounted by Kerrisdale Short Report Selling Pressure

Three company officers took advantage of the share price weakness, buying Uranium Energy stock and helping recover some investor confidence.

Cameco Stock (CCJ) Falls 6% But Retail Traders Stay Bullish
Douglas A. McIntyre |

Cameco Stock (CCJ) Falls 6% But Retail Traders Stay Bullish

Cameco Corporation (NYSE: CCJ | CCJ Price Prediction) shares are down nearly 6% today, and over 15% the last week.…

Douglas A. McIntyre |

Uranium Stocks Surge Despite Slow Uranium Contract Trading

Stock Tickers: USU, NMX, CCJ, EMU, URRE, URZ This morning, if it is a stock related to uranium then it…

Jon C. Ogg |

Uranium, Nuclear Energy Moving Forward, But USEC is Not (USU, URRE, UEC, URG, URZ, GE, CCJ, HIT, URA)

Uranium processor USEC Inc. (NYSE: USU) reported earnings this morning and offered some partial guidance for 2011. The company’s fourth-quarter…

2 Brain-Dead Simple Nuclear Stocks to Buy With $100 Today
Rich Duprey |

2 Brain-Dead Simple Nuclear Stocks to Buy With $100 Today

Nuclear energy is experiencing a revival, fueled by global demand for clean, reliable power and supportive U.S. policies. President Donald…

Nuclear Boom Ahead: Cameco vs. Uranium Energy — Which Stock Is the Better Buy?
Rich Duprey |

Nuclear Boom Ahead: Cameco vs. Uranium Energy — Which Stock Is the Better Buy?

A Glowing Opportunity The uranium sector is poised for significant growth, driven by global energy demands and supportive policies. The…

Top Gaining Stocks

Axon Enterprise
AXON • Vol: 1,582,868
KLA
KLAC • Vol: 19,914,246
Air Products & Chemicals
APD • Vol: 3,510,205
AMD
AMD • Vol: 34,496,954
ON Semiconductor
ON • Vol: 19,324,680

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Digital Realty Trust
DLR • Vol: 11,443,774
Hormel Foods
HRL • Vol: 4,997,876
Zimmer Biomet
ZBH • Vol: 4,142,009
Mosaic
MOS • Vol: 15,591,245