Tracy Pagliara Sells 50,000 Shares of Westwater Resources (NASDAQ:WWR) Stock

Key Points

• Director Tracy Pagliara sold 50,000 Westwater Resources shares at an average price of $0.57, generating $28,500. The transaction reduced his direct ownership by 5.41% and was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Westwater shares recently traded at $0.60, with a market capitalization of approximately $76.3 million. The stock has ranged from $0.38 to $3.75 over the past year, reflecting significant volatility.
• Analysts maintain a consensus “Buy” rating on WWR, with an average price target of $2.17, while institutional investors and hedge funds collectively own 7.72% of the company.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) Director Tracy Pagliara sold 50,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $0.57, for a total transaction of $28,500.00. Following the sale, the director directly owned 873,888 shares in the company, valued at approximately $498,116.16. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Westwater Resources stock traded down $0.02 on Tuesday, hitting $0.60. The company's stock had a trading volume of 7,261,697 shares, compared to its average volume of 2,309,387. Westwater Resources, Inc. has a 1 year low of $0.38 and a 1 year high of $3.75. The firm has a fifty day moving average price of $0.48 and a 200-day moving average price of $0.66. The company has a market capitalization of $76.30 million, a price-to-earnings ratio of -4.62 and a beta of 1.62.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Westwater Resources

Institutional investors have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Westwater Resources during the 4th quarter worth approximately $50,000. Centiva Capital LP acquired a new position in shares of Westwater Resources during the third quarter valued at approximately $64,000. Alps Advisors Inc. purchased a new position in shares of Westwater Resources in the fourth quarter valued at approximately $89,000. Evernest Financial Advisors LLC lifted its position in shares of Westwater Resources by 200.0% in the first quarter. Evernest Financial Advisors LLC now owns 120,000 shares of the basic materials company's stock valued at $79,000 after acquiring an additional 80,000 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Westwater Resources in the first quarter worth approximately $87,000. 7.72% of the stock is currently owned by institutional investors and hedge funds.

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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