Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.65 and traded as high as $0.97. Westwater Resources shares last traded at $0.90, with a volume of 5,634,958 shares traded.
Analysts Set New Price Targets
A number of brokerages have recently commented on WWR. Wall Street Zen began coverage on Westwater Resources in a research report on Wednesday, May 21st. They issued a "sell" rating on the stock. HC Wainwright cut their target price on Westwater Resources from $2.50 to $2.00 and set a "buy" rating on the stock in a research note on Thursday, June 12th.
Check Out Our Latest Report on WWR
Westwater Resources Trading Down 7.8%
The stock has a market capitalization of $58.38 million, a PE ratio of -5.88 and a beta of 1.11. The stock has a 50 day moving average price of $0.59 and a 200-day moving average price of $0.65.
Hedge Funds Weigh In On Westwater Resources
Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in Westwater Resources in the 1st quarter worth $84,000. Jane Street Group LLC raised its holdings in Westwater Resources by 165.3% in the 4th quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company's stock worth $40,000 after purchasing an additional 35,046 shares during the period. Virtu Financial LLC raised its holdings in Westwater Resources by 29.1% in the 4th quarter. Virtu Financial LLC now owns 85,116 shares of the basic materials company's stock worth $60,000 after purchasing an additional 19,211 shares during the period. Squarepoint Ops LLC raised its holdings in 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 purchasing an additional 41,515 shares during the period. Finally, Northern Trust Corp raised its holdings in 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 purchasing an additional 32,952 shares during the period. 7.72% of the stock is currently owned by hedge funds and other institutional investors.
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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