Shares of Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.63 and traded as high as $1.06. Westwater Resources shares last traded at $0.98, with a volume of 6,698,160 shares trading hands.
Analyst Upgrades and Downgrades
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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $2.00.
Read Our Latest Stock Analysis on Westwater Resources
Westwater Resources Stock Performance
The firm has a market capitalization of $84.77 million, a price-to-earnings ratio of -7.56 and a beta of 1.30. The company has a fifty day moving average of $0.77 and a two-hundred day moving average of $0.63.
Hedge Funds Weigh In On Westwater Resources
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. acquired a new position in Westwater Resources in the 1st quarter valued at $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 valued at $40,000 after acquiring an additional 35,046 shares in the last quarter. 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 valued at $126,000 after acquiring an additional 41,515 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Westwater Resources by 53.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 46,400 shares in the last quarter. Finally, Northern Trust Corp increased its stake 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 valued at $91,000 after purchasing an additional 32,952 shares during the last quarter. 7.72% of the stock is owned by institutional investors and hedge funds.
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.
See Also
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