Uranium Resources +11% on accounting, cost-cutting update

|About: Uranium Resources, Inc. (URRE)|By:, SA News Editor

Uranium Resources (URRE +11.2%) shares are soaring on news late yesterday that the company would revise how it describes a commercially mineable uranium deposit to comply with SEC rules; as a result, URRE says it will no longer disclose pounds of mineralized uranium material contained in the ground.

URRE also said its cost-cutting efforts have reduced its burn rate by an average of $300K/month.