Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.66 and traded as high as $1.60. Westwater Resources shares last traded at $1.45, with a volume of 11,845,987 shares trading hands.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and issued a $2.00 price target on shares of Westwater Resources in a research note on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $2.00.
View Our Latest Research Report on Westwater Resources
Westwater Resources Trading Up 2.1%
The company's 50 day moving average is $0.82 and its 200 day moving average is $0.66. The stock has a market capitalization of $125.03 million, a price-to-earnings ratio of -11.15 and a beta of 1.49.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. increased its position in Westwater Resources by 53.0% during the first 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 period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Westwater Resources in the 1st quarter valued at $55,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Westwater Resources in the 1st quarter valued at $84,000. Squarepoint Ops LLC increased its stake in Westwater Resources by 30.4% in the fourth quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company's stock valued at $126,000 after purchasing an additional 41,515 shares during the period. Finally, Jane Street Group LLC increased its stake in Westwater Resources by 165.3% in the fourth quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 35,046 shares during the period. Institutional investors and hedge funds own 7.72% of the company's stock.
Westwater Resources Company Profile
(
Get Free Report)
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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