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

Posted by Jeff Wilder on Jan 2nd, 2025

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

Westwater Resources Stock Performance

Westwater Resources stock opened at $0.80 on Wednesday. The stock has a market cap of $50.01 million, a P/E ratio of -6.15 and a beta of 1.57. Westwater Resources has a fifty-two week low of $0.40 and a fifty-two week high of $0.92. The firm’s fifty day moving average price is $0.59 and its 200-day moving average price is $0.54.

Insider Activity

In related news, Director Terence James Cryan acquired 50,000 shares of the stock in a transaction dated 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 in the company, valued at $241,079.22. This represents a 12.61 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Westwater Resources stock. Virtu Financial LLC bought a new stake in shares of Westwater Resources, Inc. (NASDAQ:WWR – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 as of its most recent filing with the Securities and Exchange Commission. 7.72% of the stock is owned by institutional investors.

About Westwater Resources

(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.