Westwater Resources (NASDAQ:WWR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Westwater Resources, Inc. (NASDAQ:WWR)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.64 and traded as high as $0.85. Westwater Resources shares last traded at $0.79, with a volume of 854,538 shares trading hands.

Wall Street Analyst Weigh In

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

Westwater Resources Stock Down 6.7 %

The company has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.64. The firm has a market cap of $49.36 million, a price-to-earnings ratio of -6.07 and a beta of 1.56.

Insider Transactions at Westwater Resources

In other news, Director Terence James Cryan purchased 50,000 shares of Westwater Resources stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $0.54 per share, for a total transaction of $27,000.00. Following the acquisition, the director now directly owns 446,443 shares in the company, valued at $241,079.22. This represents 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 owned by insiders.

Hedge Funds Weigh In On Westwater Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Westwater Resources by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 608,045 shares of the basic materials company’s stock valued at $431,000 after purchasing an additional 87,087 shares during the period. Renaissance Technologies LLC boosted its position in Westwater Resources by 536.3% in the fourth quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock valued at $70,000 after buying an additional 83,611 shares in the last quarter. Virtu Financial LLC acquired a new stake in Westwater Resources during the 3rd quarter valued at $34,000. Squarepoint Ops LLC raised its holdings in shares of Westwater Resources by 30.4% in the fourth quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company’s stock valued at $126,000 after buying an additional 41,515 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Westwater Resources by 165.3% during the fourth quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 35,046 shares during the last 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.