Westwater Resources, Inc. (NASDAQ:WWR – Get Free Report) Director Tracy Pagliara sold 26,237 shares of Westwater Resources stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $0.57, for a total value of $14,955.09. Following the transaction, the director directly owned 923,888 shares of the company’s stock, valued at $526,616.16. The trade was a 2.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwater Resources Stock Down 5.9%
WWR stock opened at $0.49 on Friday. The firm has a market capitalization of $62.13 million, a PE ratio of -3.76 and a beta of 1.59. Westwater Resources, Inc. has a twelve month low of $0.47 and a twelve month high of $3.75. The stock has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $0.81.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on WWR shares. HC Wainwright reaffirmed a “buy” rating and set a $1.75 target price on shares of Westwater Resources in a report on Tuesday, April 7th. Maxim Group initiated coverage on Westwater Resources in a research report on Wednesday, April 15th. They set a “buy” rating and a $2.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1.88.
Institutional Trading of Westwater Resources
A number of hedge funds have recently bought and sold shares of WWR. XTX Topco Ltd increased its stake in shares of Westwater Resources by 717.9% during the fourth quarter. XTX Topco Ltd now owns 610,853 shares of the basic materials company’s stock valued at $458,000 after buying an additional 536,170 shares during the period. Soviero Asset Management LP purchased a new position in shares of Westwater Resources during the third quarter valued at approximately $446,000. State Street Corp increased its stake in shares of Westwater Resources by 141.5% during the fourth quarter. State Street Corp now owns 357,505 shares of the basic materials company’s stock valued at $268,000 after buying an additional 209,500 shares during the period. Alps Advisors Inc. purchased a new stake in Westwater Resources in the fourth quarter worth $89,000. Finally, Centiva Capital LP purchased a new stake in Westwater Resources in the third quarter worth $64,000. Institutional investors own 7.72% of the company’s stock.
About Westwater Resources
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.
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