This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Uranium Resources, Ener1: Volume Movers

NEW YORK ( TheStreet) -- Uranium Resources (URRE) was one of several stocks poised to move on above-average volume Wednesday after a court ruling in the company's favor.

Uranium Resources said late Tuesday that the U.S. Court of Appeals for the Tenth Circuit ruled that the company's Section 8 property in Churchrock, New Mexico is not Indian Country, which clears the way for Uranium Resources to pursue a permit with New Mexico to advance its uranium mining project.

"URI will continue to hold discussions with concerned stakeholders including members of the Navajo Nation, but the court's decision allows us to move forward," Uranium Resources CEO Don Ewigleben said in a statement.

Shares of Uranium Resources surged by 34 cents, or 68%, to 84 cents in the premarket session. The 50-day average daily volume for Uranium Resources is 249,000, according to the Nasdaq.

Elsewhere, Power-One (PWER) jumped by 52 cents, or 6.8%, to $8.14 in the premarket session after the power management solutions company said late Tuesday it has completed its two-step reorganization, merging into New Power-One.

The surviving company retains the Power-One name and stock symbol, as well as business, operations, assets and liabilities, although Power-One's rights plan, or "poison pill," has been terminated. The 50-day average daily share volume for Power-One is 2.26 million.

Immunomedics (IMMU - Get Report) rose by 20 cents, or 5.8%, to $3.64 in the premarket session after the company said its experimental lupus drug epratuzumab "provided significant efficacy" in a mid-stage trial. Treatment differences were observed as early as week 8, with further improvement to week 12, Immunomedics said the data showed. The 50-day average daily volume for Immunomedics is 877,000.

Both Synovus Financial (SNV - Get Report) and Sterling Bancshares (SBIB) may see an increase in trading volume after Credit Suisse analysts assigned neutral ratings to both stocks. Credit Suisse had previously rated Synovus with an underperform rating and had no coverage on Sterling Bancshares.

Synovus shares closed Tuesday at $2.83 and were flat in the premarket session. Sterling Bancshares finished Tuesday's session at $5.21.

Meanwhile, Ener1 (HEV) continued to rally, up 14.6% to $3.92 early Wednesday after climbing 12.5% Tuesday. Needham analysts initiated coverage of the battery systems for energy storage company's stock with a buy rating, citing growing demand for lithium-ion batteries. The three-month average daily volume for Ener1 is 740,000, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

Check out all of Wednesday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PWER $0.00 0.00%
IMMU $4.06 5.45%
SNV $30.82 0.59%
URRE $0.94 -4.00%
AAPL $125.42 0.72%

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs