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

Westwater Resources, Inc. (NASDAQ:WWR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.57 and traded as high as $0.81. Westwater Resources shares last traded at $0.79, with a volume of 434,712 shares changing hands.

Analysts Set New Price Targets

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

Westwater Resources Stock Up 0.1 %

The stock has a market capitalization of $49.38 million, a price-to-earnings ratio of -6.08 and a beta of 1.53. The company has a 50 day simple moving average of $0.64 and a 200-day simple moving average of $0.57.

Insider Activity at Westwater Resources

In other news, Director Terence James Cryan purchased 50,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $0.54 per share, for a total transaction of $27,000.00. Following the completion of the acquisition, the director now owns 446,443 shares in the company, valued at approximately $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 this link. 2.40% of the stock is 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 boosted its holdings in Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. Institutional investors and hedge funds own 7.72% of the company’s stock.

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.