Tracy Pagliara Sells 19,519 Shares of Westwater Resources (NASDAQ:WWR) Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 19,519 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $0.57, for a total value of $11,125.83. Following the sale, the director owned 954,369 shares in the company, valued at $543,990.33. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Up 1.9%

Shares of WWR stock traded up $0.01 during mid-day trading on Monday, hitting $0.57. 997,747 shares of the company’s stock were exchanged, compared to its average volume of 1,553,567. Westwater Resources, Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $3.75. The stock has a 50-day simple moving average of $0.63 and a two-hundred day simple moving average of $0.82. The stock has a market cap of $72.74 million, a price-to-earnings ratio of -4.40 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of research analysts have commented 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 objective on the stock. HC Wainwright restated a “buy” rating and set a $1.75 price objective on shares of Westwater Resources in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Baader Bank Aktiengesellschaft bought a new position in shares of Westwater Resources during the third quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Westwater Resources during the fourth quarter valued at approximately $50,000. Centiva Capital LP bought a new position in shares of Westwater Resources during the third quarter valued at approximately $64,000. Evernest Financial Advisors LLC grew its holdings in shares of Westwater Resources by 200.0% during the first 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, OMERS ADMINISTRATION Corp bought a new position in shares of Westwater Resources during the first quarter valued at approximately $87,000. Institutional investors and hedge funds own 7.72% of the company’s stock.

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.