Shares of Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.62 and traded as high as $0.71. Westwater Resources shares last traded at $0.70, with a volume of 912,279 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $2.00 target price on shares of Westwater Resources in a research note on Friday, August 15th. Wall Street Zen assumed coverage on Westwater Resources in a research note on Wednesday, May 21st. They issued a "sell" rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwater Resources presently has a consensus rating of "Buy" and a consensus price target of $2.00.
View Our Latest Stock Analysis on Westwater Resources
Westwater Resources Trading Down 0.3%
The business has a 50 day simple moving average of $0.74 and a two-hundred day simple moving average of $0.62. The stock has a market cap of $58.20 million, a price-to-earnings ratio of -5.19 and a beta of 1.30.
Institutional Investors Weigh In On Westwater Resources
A number of hedge funds have recently bought and sold shares of WWR. 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 acquiring an additional 41,515 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired 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 acquiring an additional 46,400 shares in the last quarter. 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 acquiring an additional 32,952 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Westwater Resources in the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 7.72% of the company's stock.
About Westwater Resources
(
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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