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

Equities researchers at StockNews.com initiated coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the basic materials company’s stock.

Westwater Resources Price Performance

Westwater Resources stock opened at $0.55 on Thursday. Westwater Resources has a fifty-two week low of $0.40 and a fifty-two week high of $0.78. The firm has a market capitalization of $34.38 million, a PE ratio of -4.23 and a beta of 1.58. The company’s 50-day moving average is $0.55 and its 200-day moving average is $0.52.

Institutional Inflows and Outflows

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

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.