Westwater Resources (NASDAQ:WWR) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Westwater Resources (NASDAQ:WWR) shares recently surpassed their 200-day moving average of $0.63, trading as high as $0.79 with a volume of over 1.25 million shares.
• Analysts have mixed ratings on Westwater Resources, with one firm setting a buy rating and a price target of $2.00, while another has a sell rating.
• Several institutional investors have increased their stakes in Westwater Resources, with notable increases from Geode Capital Management and Squarepoint Ops.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.63 and traded as high as $0.79. Westwater Resources shares last traded at $0.79, with a volume of 1,256,828 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen started coverage on shares of Westwater Resources in a report on Wednesday, May 21st. They set a "sell" rating for the company. HC Wainwright restated a "buy" rating and issued a $2.00 price target on shares of Westwater Resources in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $2.00.

Westwater Resources Stock Performance

The firm has a market cap of $68.12 million, a P/E ratio of -6.08 and a beta of 1.18. The firm's fifty day moving average price is $0.71 and its 200 day moving average price is $0.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Westwater Resources by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 608,045 shares of the basic materials company's stock worth $431,000 after buying an additional 87,087 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Westwater Resources by 30.4% in the 4th quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company's stock worth $126,000 after buying an additional 41,515 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Westwater Resources in the 1st quarter worth approximately $84,000. Pinnacle Associates Ltd. grew its position in shares of Westwater Resources by 53.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company's stock worth $74,000 after buying an additional 46,400 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Westwater Resources by 34.7% in the 4th quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company's stock worth $91,000 after buying an additional 32,952 shares during the last quarter. Hedge funds and other institutional investors own 7.72% of the company's stock.

About Westwater Resources

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.

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