Westwater Resources (NASDAQ:WWR) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued on Friday. The brokerage set a “sell” rating on the basic materials company’s stock.

Westwater Resources Price Performance

NASDAQ:WWR opened at $0.59 on Friday. Westwater Resources has a 12-month low of $0.40 and a 12-month high of $0.78. The firm has a market capitalization of $36.88 million, a price-to-earnings ratio of -4.54 and a beta of 1.58. The stock’s 50 day moving average price is $0.56 and its two-hundred day moving average price is $0.52.

Institutional Investors Weigh In On Westwater Resources

An institutional investor recently bought a new position in Westwater Resources stock. Virtu Financial LLC acquired a new stake in Westwater Resources, Inc. (NASDAQ:WWR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 65,905 shares of the basic materials company’s stock, valued at approximately $34,000. Virtu Financial LLC owned about 0.11% of Westwater Resources at the end of the most recent reporting period. 7.72% of the stock is owned by hedge funds and other institutional investors.

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.