Westwater Resources (NASDAQ:WWR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Westwater Resources (NASDAQ:WWR) in a research report released on Wednesday. The firm issued a sell rating on the basic materials company’s stock.

Westwater Resources Stock Performance

NASDAQ WWR opened at $0.81 on Wednesday. The company’s 50-day simple moving average is $0.60 and its two-hundred day simple moving average is $0.54. Westwater Resources has a one year low of $0.40 and a one year high of $0.92. The company has a market capitalization of $50.63 million, a price-to-earnings ratio of -6.23 and a beta of 1.57.

Insider Activity

In other news, Director Terence James Cryan acquired 50,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $0.54 per share, with a total value of $27,000.00. Following the purchase, the director now directly owns 446,443 shares of the company’s stock, valued at $241,079.22. This trade represents a 12.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Westwater Resources

A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC lifted its position in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 520,958 shares of the basic materials company’s stock after buying an additional 44,267 shares during the period. Geode Capital Management LLC owned approximately 0.88% of Westwater Resources worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 7.72% of the company’s stock.

About Westwater Resources

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.