StockNews.com Initiates Coverage on Westwater Resources (NASDAQ:WWR)

Analysts at StockNews.com started coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued to investors on Friday. The firm set a “sell” rating on the basic materials company’s stock.

Westwater Resources Price Performance

NASDAQ WWR opened at $0.59 on Friday. The company has a market cap of $36.88 million, a price-to-earnings ratio of -4.54 and a beta of 1.58. The business’s fifty day moving average is $0.56 and its 200 day moving average is $0.52. Westwater Resources has a twelve month low of $0.40 and a twelve month high of $0.78.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Westwater Resources stock. Geode Capital Management LLC lifted its holdings in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,958 shares of the basic materials company’s stock after purchasing an additional 44,267 shares during the period. Geode Capital Management LLC owned 0.88% of Westwater Resources worth $269,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.