URRE balloon meets pin - good news for the sector imohttps://globenewswire.com/news-release/2017/01/12/905575/0/en/Uranium-Resources-Announces-Proposed-Public-Offering-of-Common-Stock.html You can google the rest about the term of the offering and who is offering it and figure out the rest.
Here's my quote from last night:
What sad is companies like URRE ran up 400 percent, and they don't even appear serious about Uranium. Traders don't care, I guess, as long as it has "uranium" in the name. I think URRE is new DRYS, I just hope it does not damage the rest of the sector when their bubble pops. I feel sorry for thousands of retail traders who got burnt, but they should have done their research. Having said that, we are lucky that it happened now, since we are consolidating anyways and URRE bubble did not get too out of hand to damage the whole sector. There might be some short term selloff, but once those 6,500K+ stocktwit traders realize what they are in, they will come to UUUU/URG/UEC.