Westwater Resources (NASDAQ:WWR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note released on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Westwater Resources Stock Performance

NASDAQ:WWR opened at $0.54 on Thursday. The company has a market capitalization of $33.76 million, a price-to-earnings ratio of -4.13 and a beta of 1.58. The company has a 50-day moving average of $0.55 and a 200-day moving average of $0.52. Westwater Resources has a 52 week low of $0.40 and a 52 week high of $0.78.

Institutional Trading of Westwater Resources

A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC boosted its position in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 520,958 shares of the basic materials company’s stock after purchasing an additional 44,267 shares during the period. Geode Capital Management LLC owned about 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. Institutional investors 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.