Westwater Resources (NASDAQ:WWR) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Westwater Resources (NASDAQ:WWR) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the basic materials company’s stock.

Westwater Resources Stock Down 2.2 %

WWR opened at $0.59 on Friday. Westwater Resources has a 52 week low of $0.40 and a 52 week high of $0.78. The business’s 50 day moving average is $0.56 and its two-hundred day moving average is $0.53. The firm has a market cap of $36.69 million, a price-to-earnings ratio of -4.52 and a beta of 1.57.

Institutional Investors Weigh In On Westwater Resources

An institutional investor recently raised its position in Westwater Resources stock. Geode Capital Management LLC lifted its stake in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,958 shares of the basic materials company’s stock after purchasing an additional 44,267 shares during the quarter. Geode Capital Management LLC owned about 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. 7.72% of the stock is currently owned by institutional investors and hedge funds.

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.