Home / Business / Street Highjack By Active Movers- General Electric Firm (NYSE:GE), Uranium Resources, Inc. (NASDAQ:URRE)

Street Highjack By Active Movers- General Electric Firm (NYSE:GE), Uranium Resources, Inc. (NASDAQ:URRE)

General Electric Firm (NYSE:GE) [Trend Analysis] knocking active thrust in leading trading session, shares an raise of 0.07% to 29.64 with about 19.76 Million shares have changed hands in this session. U.S. industrial firm, General Electric (GE) aims to invest about $150 million in Nigeria by 2017, a senior executive stated on Monday. “There are development projects where we are investing,” Jay Ireland, chief executive of General Electric in Africa told the FT Africa Summit in London. GE would also invest in oil and gas industry projects. Growth in Nigeria – an OPEC member whose economy, the largest in Africa, is in recession for the first time in over 20 years due to low oil prices – has been stunted for decades by a lack of investment in its road and rail network. The stock is going forward its fifty-two week low with 23.30% and lagging behind from its 52-week high price with -9.48%.

Same, the positive performance for the quarter recorded as -5.02% and for the year was 20.01%, while the YTD performance remained at -2.60%. GE has Average True Range for 14 days of 0.38.

Uranium Resources, Inc. (NASDAQ:URRE) [Trend Analysis] retains strong position in active trade, as shares scoring 4.69% to $1.34 in a active trade session, while looking at the shares volume, about 445000 shares have changed hands in this session. Uranium Resources, Inc. (URRE) released that it has entered an amendment letter to extend its contract with Laramide Resources Ltd. (Laramide) to sell URI’s Churchrock and Crownpoint properties in New Mexico until November 30, 2016 in exchange for an extension payment of $250,000 US in cash payable to URI on or before October 21, 2016.

Laramide before agreed to purchase the Churchrock and Crownpoint properties for $12.5 million under certain terms and conditions before reported. Other than an extension of the date by which either party could terminate that Contract from September 30, 2016 to November 30, 2016, no additional changes are made to the Share Purchase Contract dated April 7, 2016 filed with the SEC as Exhibit 2.1 to URI’s Form 8-K filed on April 8, 2016. The $250,000 to be paid on or before October 21, 2016 will be treated as a pre-payment of the $12.5 million purchase price once the transaction closes, and will not be refunded nor credited under any other circumstances. The firm has institutional ownership of 11.20%, while insider ownership included 0.10%. URRE attains analyst recommendation of 2.00 with week’s performance of -4.96%. Investors looking additional ahead will note that the Price to next year’s EPS is 38.80%.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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