Westwater Resources (NASDAQ:WWR) Coverage Initiated by Analysts at HC Wainwright

HC Wainwright began coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued to investors on Tuesday,Benzinga reports. The firm issued a buy rating and a $2.50 price target on the basic materials company’s stock.

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

Westwater Resources Stock Performance

WWR stock opened at $0.62 on Tuesday. Westwater Resources has a 1 year low of $0.40 and a 1 year high of $1.32. The stock’s fifty day moving average is $0.83 and its two-hundred day moving average is $0.66. The stock has a market capitalization of $38.75 million, a price-to-earnings ratio of -4.77 and a beta of 1.61.

Insider Buying and Selling at Westwater Resources

In other Westwater Resources news, Director Terence James Cryan bought 50,000 shares of Westwater Resources stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $0.54 per share, with a total value of $27,000.00. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Westwater Resources

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Westwater Resources by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 520,958 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 44,267 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Westwater Resources during the third quarter worth $34,000. Renaissance Technologies LLC boosted its position in shares of Westwater Resources by 536.3% during the fourth quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 83,611 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Westwater Resources by 34.7% in the 4th quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company’s stock valued at $91,000 after buying an additional 32,952 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Westwater Resources by 165.3% in the 4th quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock valued at $40,000 after buying an additional 35,046 shares in the last quarter. Institutional investors and hedge funds 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.