Westwater Resources (NASDAQ:WWR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Westwater Resources, Inc. (NASDAQ:WWR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.63 and traded as high as $0.91. Westwater Resources shares last traded at $0.85, with a volume of 1,063,823 shares trading hands.

Analysts Set New Price Targets

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

Westwater Resources Stock Down 4.6 %

The company’s fifty day simple moving average is $0.79 and its two-hundred day simple moving average is $0.63. The company has a market capitalization of $53.16 million, a price-to-earnings ratio of -6.54 and a beta of 1.56.

Insider Activity at Westwater Resources

In other news, Director Terence James Cryan acquired 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 446,443 shares in the company, valued at approximately $241,079.22. The trade was a 12.61 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Institutional Trading of Westwater Resources

A number of hedge funds have recently modified their holdings of WWR. Geode Capital Management LLC raised its stake in Westwater Resources by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 608,045 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 87,087 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Westwater Resources by 536.3% in the 4th 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 during the period. Virtu Financial LLC bought a new position in Westwater Resources in the 3rd quarter valued at about $34,000. Jane Street Group LLC increased its holdings in 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 during the period. Finally, Northern Trust Corp increased its holdings in 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. 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.