Westwater Resources (NASDAQ:WWR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Westwater Resources, Inc. (NASDAQ:WWR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.52 and traded as high as $0.56. Westwater Resources shares last traded at $0.55, with a volume of 172,850 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Westwater Resources in a research report on Wednesday, November 13th. They issued a “sell” rating on the stock.

Westwater Resources Stock Performance

The company’s 50 day simple moving average is $0.55 and its 200 day simple moving average is $0.52. The stock has a market cap of $34.38 million, a price-to-earnings ratio of -4.23 and a beta of 1.58.

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) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 520,958 shares of the basic materials company’s stock after buying an additional 44,267 shares during the quarter. Geode Capital Management LLC owned 0.88% of Westwater Resources worth $269,000 as of its most recent SEC filing. 7.72% of the stock is owned by institutional investors and hedge funds.

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.