Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.55 and traded as high as $0.87. Westwater Resources shares last traded at $0.84, with a volume of 1,062,342 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Westwater Resources in a report on Wednesday, January 1st. They set a "sell" rating for the company.
View Our Latest Research Report on WWR
Westwater Resources Trading Up 3.5 %
The stock has a market cap of $52.51 million, a P/E ratio of -6.46 and a beta of 1.53. The stock has a 50 day simple moving average of $0.61 and a 200 day simple moving average of $0.55.
Insiders Place Their Bets
In related news, Director Terence James Cryan purchased 50,000 shares of Westwater Resources stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $0.54 per share, for a total transaction of $27,000.00. Following the transaction, the director now owns 446,443 shares of the company's stock, valued at approximately $241,079.22. This represents a 12.61 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company's stock.
Institutional Investors Weigh In On Westwater Resources
A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC boosted its holdings in Westwater Resources, Inc. (NASDAQ:WWR - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 520,958 shares of the basic materials company's stock after acquiring an additional 44,267 shares during the quarter. Geode Capital Management LLC owned 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.72% of the company's stock.
Westwater Resources Company Profile
(
Get Free Report)
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.
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