Westwater Resources (NASDAQ:WWR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Westwater Resources, Inc. (NASDAQ:WWR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.52 and traded as high as $0.56. Westwater Resources shares last traded at $0.55, with a volume of 172,850 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Westwater Resources in a research report on Wednesday, November 13th. They issued a “sell” rating on the stock.

Westwater Resources Stock Performance

The business’s 50 day moving average is $0.55 and its 200 day moving average is $0.52. The stock has a market cap of $34.38 million, a price-to-earnings ratio of -4.23 and a beta of 1.58.

Hedge Funds Weigh In On Westwater Resources

A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC raised its stake in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 about 0.88% of Westwater Resources worth $269,000 as of its most recent SEC filing. 7.72% of the stock is owned by institutional investors.

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.