Westwater Resources (NASDAQ:WWR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Westwater Resources, Inc. (NASDAQ:WWR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.60 and traded as high as $0.94. Westwater Resources shares last traded at $0.90, with a volume of 1,444,471 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Westwater Resources in a report on Wednesday, January 1st. They issued a “sell” rating on the stock.

Westwater Resources Price Performance

The stock has a market capitalization of $56.38 million, a price-to-earnings ratio of -6.94 and a beta of 1.56. The business’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $0.60.

Insider Buying and Selling at Westwater Resources

In other news, Director Terence James Cryan acquired 50,000 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $0.54 per share, with a total value of $27,000.00. Following the completion of the transaction, the director now directly owns 446,443 shares of the company’s stock, valued at $241,079.22. The trade was a 12.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Westwater Resources

A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC raised its stake in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. Institutional investors own 7.72% of the company’s stock.

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.