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

StockNews.com assumed coverage on shares of Westwater Resources (NASDAQ:WWR) in a report issued on Wednesday morning. The firm issued a sell rating on the basic materials company’s stock.

Westwater Resources Stock Down 17.4 %

WWR stock opened at $0.71 on Wednesday. The stock has a market capitalization of $44.28 million, a PE ratio of -5.45 and a beta of 1.57. Westwater Resources has a 52 week low of $0.40 and a 52 week high of $0.92. The firm has a 50 day moving average of $0.59 and a 200 day moving average of $0.54.

Insider Activity at Westwater Resources

In other Westwater Resources news, Director Terence James Cryan purchased 50,000 shares of Westwater Resources stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $0.54 per share, with a total value of $27,000.00. Following the transaction, the director now owns 446,443 shares of the company’s stock, valued at $241,079.22. This represents a 12.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Westwater Resources

A hedge fund recently bought a new stake in Westwater Resources stock. Virtu Financial LLC bought a new stake in Westwater Resources, Inc. (NASDAQ:WWR) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 65,905 shares of the basic materials company’s stock, valued at approximately $34,000. Virtu Financial LLC owned 0.11% of Westwater Resources at the end of the most recent reporting period. 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.