Tracy Pagliara Sells 48,000 Shares of Westwater Resources (NASDAQ:WWR) Stock

Key Points

• Director Tracy Pagliara sold 48,000 Westwater Resources shares at an average price of $0.65, generating $31,200. The transaction, conducted under a Rule 10b5-1 plan, reduced her holdings by 5.49% to 825,888 shares.
• Westwater shares recently traded near $0.60, with a $76.3 million market capitalization and a 52-week range of $0.38 to $3.75. Institutional investors and hedge funds own 7.72% of the company, with several firms recently increasing their stakes.
• Analysts maintain a generally positive outlook, with all three covering analysts rating the stock a Buy and an average price target of $2.17. Westwater is focused on developing U.S.-based battery-grade graphite production for electric vehicles and energy storage.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) Director Tracy Pagliara sold 48,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $0.65, for a total transaction of $31,200.00. Following the completion of the transaction, the director directly owned 825,888 shares of the company's stock, valued at $536,827.20. This trade represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Performance

• West Water Resources NASDAQ: WWR Stock is an Under-the-Radar EV Battery Play

Shares of WWR traded down $0.02 during mid-day trading on Tuesday, reaching $0.60. The company had a trading volume of 7,261,697 shares, compared to its average volume of 2,309,387. The company has a market capitalization of $76.30 million, a price-to-earnings ratio of -4.62 and a beta of 1.62. The company's 50 day simple moving average is $0.48 and its 200 day simple moving average is $0.66. Westwater Resources, Inc. has a 1-year low of $0.38 and a 1-year high of $3.75.

Institutional Investors Weigh In On Westwater Resources

Several large investors have recently added to or reduced their stakes in WWR. Renaissance Technologies LLC lifted its stake in Westwater Resources by 169.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,836,890 shares of the basic materials company's stock valued at $2,128,000 after buying an additional 1,783,833 shares during the period. Geode Capital Management LLC increased its stake in shares of Westwater Resources by 54.4% in the 4th quarter. Geode Capital Management LLC now owns 1,288,757 shares of the basic materials company's stock valued at $967,000 after acquiring an additional 454,005 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Westwater Resources during the 3rd quarter valued at $972,000. XTX Topco Ltd boosted its stake in Westwater Resources by 717.9% during the fourth quarter. XTX Topco Ltd now owns 610,853 shares of the basic materials company's stock worth $458,000 after acquiring an additional 536,170 shares in the last quarter. Finally, Brooklands Fund Management Ltd grew its holdings in Westwater Resources by 117.7% in the first quarter. Brooklands Fund Management Ltd now owns 575,000 shares of the basic materials company's stock worth $376,000 after purchasing an additional 310,894 shares during the period. Institutional investors and hedge funds own 7.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WWR shares. D. Boral Capital started coverage on shares of Westwater Resources in a research report on Thursday, June 11th. They issued a "buy" rating and a $3.00 price target for the company. Maxim Group began coverage on Westwater Resources in a report on Wednesday, April 15th. They set a "buy" rating and a $2.00 target price on the stock. Finally, HC Wainwright lowered their price objective on Westwater Resources from $1.75 to $1.50 and set a "buy" rating for the company in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $2.17.

Westwater Resources Company Profile

Westwater Resources, Inc NASDAQ: WWR is a Houston‐based mineral development company focused on advancing sustainable sources of battery‐grade graphite for the lithium‐ion battery market. The company’s primary asset is the Coosa Graphite Project in east‐central Alabama, where Westwater is working to establish a fully integrated, U.S.‐based supply chain for natural spherical graphite. By leveraging in‐house purification and spheronization technology, Westwater aims to produce high‐purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.

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