Westwater Resources (NASDAQ:WWR) Shares Pass Above 200-Day Moving Average – Time to Sell?

Westwater Resources, Inc. (NASDAQ:WWR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.65 and traded as high as $0.70. Westwater Resources shares last traded at $0.68, with a volume of 617,335 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Westwater Resources in a research report on Wednesday, January 1st. They issued a “sell” rating for the company.

Westwater Resources Stock Performance

The stock has a market capitalization of $42.44 million, a price-to-earnings ratio of -5.22 and a beta of 1.56. The business has a 50-day moving average of $0.84 and a 200-day moving average of $0.65.

Insider Buying and Selling at Westwater Resources

In related news, Director Terence James Cryan acquired 50,000 shares of Westwater Resources stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $0.54 per share, with a total value of $27,000.00. Following the purchase, the director now directly owns 446,443 shares in the company, valued at approximately $241,079.22. The trade was a 12.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

Institutional Trading of Westwater Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC raised its stake in Westwater Resources by 30.4% during the 4th quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 41,515 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Westwater Resources by 165.3% during the 4th quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock worth $40,000 after buying an additional 35,046 shares in the last quarter. Northern Trust Corp raised its stake in shares of Westwater Resources by 34.7% during the 4th quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company’s stock worth $91,000 after buying an additional 32,952 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Westwater Resources by 536.3% during the 4th quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock worth $70,000 after buying an additional 83,611 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Westwater Resources by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 608,045 shares of the basic materials company’s stock worth $431,000 after buying an additional 87,087 shares in the last quarter. 7.72% of the stock is owned by hedge funds and other institutional investors.

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 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.