Uranium Resources (URRE) Misses Q1 EPS by 3c

Uranium Resources (NASDAQ: URRE) reported Q1 EPS of ($0.14), $0.03 worse than the analyst estimate of ($0.11).

Exploration and financial highlights

• The Company reported that all five drill holes from a completed preliminary drill program at the Butler Ranch Project in South Texas encountered multiple zones of anomalous to low-grade levels of uranium mineralization in March 2015.
• Twenty-seven rotary drill holes, totaling 16,715 feet, were completed in the phase one drilling program at the Alta Mesa Este Project in South Texas. Mineralization has been encountered, and detailed analysis is underway.
• Net cash used in operating activities decreased by 28% to $2.7 million in 1Q 2015 compared with $3.7 million in 1Q 2014.
• The Company successfully raised gross proceeds of $6.0 million in March 2015 from a direct registered offering.

For earnings history and earnings-related data on Uranium Resources (URRE) click here.

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