Westwater Resources (NASDAQ:WWR) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Westwater Resources stock has surpassed its two hundred day moving average, with a recent trading high of $0.79 and last traded at $0.76.
• Wall Street analysts currently have a consensus rating of "Buy" for Westwater Resources, with targets set as high as $2.00.
• Institutional investors increased their holdings significantly, with Jane Street Group LLC raising its stake by 165.3% in the last quarter.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.62 and traded as high as $0.79. Westwater Resources shares last traded at $0.76, with a volume of 3,532,810 shares changing hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a "buy" rating and issued a $2.00 price target on shares of Westwater Resources in a report on Friday, August 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $2.00.

Westwater Resources Stock Down 1.2%

The company has a market cap of $63.89 million, a price-to-earnings ratio of -5.70 and a beta of 1.30. The company's fifty day moving average price is $0.75 and its two-hundred day moving average price is $0.62.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in Westwater Resources by 165.3% during the fourth 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Westwater Resources during the first quarter worth about $55,000. Northern Trust Corp increased its position in Westwater Resources by 34.7% during the fourth 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 during the period. Pinnacle Associates Ltd. increased 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 buying an additional 46,400 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Westwater Resources in the 1st quarter valued at about $84,000. Institutional investors and hedge funds own 7.72% of the company's stock.

Westwater Resources Company Profile

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.