#3 - Westwater Resources (NASDAQ:WWR)
Aside from the pandemic, 2020 will be remembered as the year of the electric vehicle (EV) bubble. That bubble hasn’t burst yet, but some investors are approaching it with renewed caution. But just like lithium stocks, a safer way to invest in electric vehicles is by looking at companies that will be providing the raw materials.
In the case of Westwater Resources (NASDAQ:WWR) that material is graphite. Currently, Westwater is the only U.S. company that can provide a domestically sourced and processed battery-grade source of graphite giving it a gigantic first-mover advantage in a field that is hard for competitors to enter.
And one look at the company’s stock chart shows that investors agree. In early February, WWR stock moved out of the penny stock range. It’s back around $7 now which may be somewhat based on year-end results which came in worse than expected. But even with some penny stocks you have to play the long game and that makes WWR stock worth a look.
About Westwater Resources
Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc and changed its name to Westwater Resources, Inc in August 2017.
Read More - Current Price
- $0.44
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
