Westwater Resources (NASDAQ:WWR) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Westwater Resources, Inc. (NASDAQ:WWR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.60 and traded as high as $0.94. Westwater Resources shares last traded at $0.90, with a volume of 1,444,471 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Westwater Resources in a report on Wednesday, January 1st. They set a “sell” rating on the stock.

Westwater Resources Trading Down 2.3 %

The firm has a market capitalization of $56.38 million, a price-to-earnings ratio of -6.94 and a beta of 1.56. The company has a fifty day moving average price of $0.73 and a 200-day moving average price of $0.60.

Insider Activity

In other news, Director Terence James Cryan bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $0.54 per share, for a total transaction of $27,000.00. Following the acquisition, the director now directly owns 446,443 shares of the company’s stock, valued at $241,079.22. The trade was a 12.61 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Westwater Resources stock. Geode Capital Management LLC grew its holdings in Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 520,958 shares of the basic materials company’s stock after buying an additional 44,267 shares during the quarter. Geode Capital Management LLC owned 0.88% of Westwater Resources worth $269,000 as of its most recent filing with the SEC. 7.72% of the stock is currently owned by institutional investors and hedge funds.

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.