This Day On The Street
Continue to site
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

Stock Offerings: Uranium Resources

NEW YORK ( TheStreet) -- Uranium Resources (URRE) shares plunged Tuesday after the uranium miner priced an offering of common stock at a steep discount to the previous closing price.

Uranium Resources said Tuesday it has priced an offering of approximately 23.8 million shares of common stock at 42 cents per share, a 19.2% discount to Monday's closing price of 52 cents a share. Underwriters were give a 30-day option to purchase up to an additional 3.33 million shares of to cover overallotments, if any.

Uranium Resources said it intends to use the net proceeds from the offering for general corporate purposes, which may include making additions to our working capital, and funding future acquisitions.

Shares of Uranium Resources were dropping by 4 cents, or 7.8%, to 47.5 cents. The stock is down 38% in 2010 and 58% over the last year.

Elsewhere, Republic First Bancorp (FRBK - Get Report) shares fell 4% to $1.94 after the company priced an offering of 15 million shares of common stock at $2 per share. Underwriters were granted a 30-day option to purchase up to an additional 15% of the offered amount to cover overallotments, if any.

Waccamaw Bankshares (WBNK) shares also traded lower Tuesday after the company announced a rights offering of approximately 8.33 million shares of common stock at $1.25 per share. Shareholders will also be entitled to oversubscribe, the company said.

Waccamaw Bankshares also filed a registration statement with the Securities and Exchange Commission in connection with a proposed public offering of up to approximately 21.67 million shares plus any shares not sold in the rights offering.

Shares of Waccamaw were down 2.2% to $2.20, good for a loss of 26% in 2010.

Royal Gold (RGLD - Get Report) shares also fell after the company filed late Monday for an offering of 6.5 million shares of common stock. Underwriters have a 30-day option to purchase up to 975,000 additional shares to cover overallotments, if any. Royal Gold said net proceeds will be used for general corporate purposes, including to repay debt and to fund acquisitions of additional royalty interests.

Royal Gold shares were down 2.1% to $52.21.

On the IPO front, video ringtone company Vringo (VRNG - Get Report) priced its initial public offering of 2.39 million units at $4.60 per unit, which was near the lower end of its expected price range of $4.50 to $5.50 per unit.
1 of 2

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
WBNK $0.00 0.00%
FRBK $4.64 0.22%
RGLD $60.09 0.89%
VRNG $1.95 -1.50%
URRE $1.70 5.60%


Chart of I:DJI
DOW 17,679.20 +18.49 0.10%
S&P 500 2,044.85 -5.78 -0.28%
NASDAQ 4,695.1520 -21.9420 -0.47%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs