Westwater Resources (NASDAQ:WWR) Director Sells $38,000.00 in Stock

Key Points

• Director Karli Anderson sold 50,000 WWR shares at an average price of $0.76, generating $38,000; the transaction reduced her holdings by 5.95% to 790,909 shares and was executed under a Rule 10b5-1 plan.
• Westwater shares recently fell 3.6% to $0.60 amid elevated trading volume, with the stock trading well below its 52-week high of $3.75 and carrying a market capitalization of approximately $76.3 million.
• Institutional ownership stands at 7.72%, while analysts maintain a consensus “Buy” rating with an average price target of $2.17, despite one recent target reduction.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) Director Karli Anderson sold 50,000 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $0.76, for a total transaction of $38,000.00. Following the completion of the sale, the director directly owned 790,909 shares in the company, valued at approximately $601,090.84. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Down 3.6%

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

Shares of WWR stock traded down $0.02 on Tuesday, hitting $0.60. The company had a trading volume of 7,261,697 shares, compared to its average volume of 2,309,387. The firm has a market cap of $76.30 million, a P/E ratio of -4.62 and a beta of 1.62. The company has a 50-day moving average price of $0.48 and a 200-day moving average price of $0.66. Westwater Resources, Inc. has a twelve month low of $0.38 and a twelve month high of $3.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WWR. OMERS ADMINISTRATION Corp purchased a new stake in shares of Westwater Resources during the first quarter worth $87,000. Brooklands Fund Management Ltd boosted its position in Westwater Resources by 117.7% during the first quarter. Brooklands Fund Management Ltd now owns 575,000 shares of the basic materials company's stock worth $376,000 after acquiring an additional 310,894 shares during the last quarter. Evernest Financial Advisors LLC grew its stake in Westwater Resources by 200.0% during the 1st 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. XTX Topco Ltd raised its holdings in Westwater Resources by 717.9% in the 4th quarter. XTX Topco Ltd now owns 610,853 shares of the basic materials company's stock valued at $458,000 after acquiring an additional 536,170 shares during the last quarter. Finally, State Street Corp lifted its stake in Westwater Resources by 141.5% in the 4th quarter. State Street Corp now owns 357,505 shares of the basic materials company's stock worth $268,000 after purchasing an additional 209,500 shares in the last quarter. Hedge funds and other institutional investors own 7.72% of the company's stock.

Analyst Upgrades and Downgrades

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

About Westwater Resources

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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