Westwater Resources (NASDAQ:WWR) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Westwater Resources (NASDAQ:WWR) in a research report issued on Saturday. The firm set a “sell” rating on the basic materials company’s stock.

Westwater Resources Trading Down 2.2 %

Shares of NASDAQ WWR opened at $0.59 on Friday. The stock has a fifty day moving average price of $0.56 and a 200 day moving average price of $0.53. Westwater Resources has a 12-month low of $0.40 and a 12-month high of $0.78. The company has a market cap of $36.69 million, a P/E ratio of -4.52 and a beta of 1.57.

Hedge Funds Weigh In On Westwater Resources

An institutional investor recently bought a new position in Westwater Resources stock. Virtu Financial LLC purchased a new position in Westwater Resources, Inc. (NASDAQ:WWR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65,905 shares of the basic materials company’s stock, valued at approximately $34,000. Virtu Financial LLC owned about 0.11% of Westwater Resources at the end of the most recent quarter. 7.72% of the stock is owned by institutional investors and hedge funds.

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.