Uranium Resources Loves Its Executive Changes (URRE)
August 8, 2007 by Douglas A. McIntyreUranium 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.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.