Westwater Resources (NASDAQ:WWR) Director Sells $11,125.83 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 19,519 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $0.57, for a total value of $11,125.83. Following the completion of the transaction, the director directly owned 954,369 shares in the company, valued at approximately $543,990.33. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Performance

WWR stock opened at $0.55 on Thursday. The stock’s 50 day simple moving average is $0.62 and its 200 day simple moving average is $0.82. Westwater Resources, Inc. has a fifty-two week low of $0.47 and a fifty-two week high of $3.75. The company has a market cap of $69.29 million, a P/E ratio of -4.19 and a beta of 1.59.

Institutional Investors Weigh In On Westwater Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft purchased a new stake in shares of Westwater Resources during the 3rd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Westwater Resources during the 4th quarter valued at $50,000. Centiva Capital LP purchased a new stake in shares of Westwater Resources during the 3rd quarter valued at $64,000. Evernest Financial Advisors LLC increased its position in shares of Westwater Resources by 200.0% during the 1st quarter. Evernest Financial Advisors LLC now owns 120,000 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 80,000 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Westwater Resources during the 4th quarter valued at $89,000. Institutional investors and hedge funds own 7.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Maxim Group assumed coverage on Westwater Resources in a research note on Wednesday, April 15th. They set a “buy” rating and a $2.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and set a $1.75 price target on shares of Westwater Resources in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1.88.

Westwater Resources Company Profile

Westwater Resources, Inc (NASDAQ: WWR) is a Houston?based mineral development company focused on advancing sustainable sources of battery?grade graphite for the lithium?ion battery market. The company’s primary asset is the Coosa Graphite Project in east?central Alabama, where Westwater is working to establish a fully integrated, U.S.?based supply chain for natural spherical graphite. By leveraging in?house purification and spheronization technology, Westwater aims to produce high?purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.