Westwater Resources (NASDAQ:WWR) Now Covered by Analysts at StockNews.com

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

Westwater Resources Price Performance

Westwater Resources stock opened at $0.71 on Wednesday. The stock has a market capitalization of $44.28 million, a PE ratio of -5.45 and a beta of 1.57. The business has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $0.54. Westwater Resources has a 12 month low of $0.40 and a 12 month high of $0.92.

Insiders Place Their Bets

In other news, Director Terence James Cryan purchased 50,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $0.54 per share, with a total value of $27,000.00. Following the completion of the purchase, the director now directly owns 446,443 shares of the company’s stock, valued at approximately $241,079.22. The trade was a 12.61 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

Westwater Resources Company Profile

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.