Boston, MA 10/01/2013 (wallstreetpr) – In Monday’s trading session, Uranerz Energy Corp. (NYSEMKT:URZ) rose 5.56%. The company’s shares opened at a price of $0.90, climbed to an intraday high of $0.97 and dropped to a close of $0.95. Approximately 0.405 million shares were traded on Monday while an average volume of 0.476 million shares were traded over 30 days. The 52-week low of the shares is $0.88 while the 52-week high is $1.73. The company has a market capitalization of $73.36 million.
About the company
Uranerz Energy was incorporated on May 26, 1999. It is a uranium company that focuses on commercial ISR uranium-production. It primarily focuses on developing various properties located in the Powder River Basin region into different commercial ISR uranium-mines. Uranerz Energy operates in 2 business segments: Arkose Mining Venture and Other operations. All its Wyoming properties are located in the Powder River Basin. These total 87,414 acres and include wholly-owned properties that totaled 25,261 acres as of Dec. 31, 2011.
The company also holds an 81% stake in Arkose Mining Venture. As of Dec. 31, 2011, this totaled 62,153 acres. As of Dec. 31, 2011, a total of 380 drill-holes had been completed in the Powder River Basin properties. These represent around 288,404 ft of drilling at an average-depth of 755 ft per hole. The Arkose Mining Venture is made up of unpatented mineral-lode claims, state-leases and fee mineral leases.
As of Dec. 31, 2011, its Powder River Basin properties included its wholly-owned properties as well as the properties that were included in the Arkose Mining Venture. These principal properties make up around approximately 87,414 acres and are a combination of federal-mining claims, state-mineral leases and private-fee mineral leases. Its wholly-owned properties located in the Powder River Basin include Collins Draw, Jane Dough, Hank, Nichols Ranch, North Rolling Pin, Willow Creek, East Nichols West North-Butte and North Nichols.
