Westwater Resources (NASDAQ:WWR) Director Sells $38,000.00 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Karli Anderson sold 50,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $0.76, for a total transaction of $38,000.00. Following the transaction, the director directly owned 790,909 shares in the company, valued at approximately $601,090.84. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Trading Down 7.2%

WWR opened at $0.58 on Friday. The company has a fifty day simple moving average of $0.48 and a 200 day simple moving average of $0.65. The firm has a market cap of $74.36 million, a price-to-earnings ratio of -4.50 and a beta of 1.62. Westwater Resources, Inc. has a twelve month low of $0.38 and a twelve month high of $3.75.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WWR shares. D. Boral Capital started coverage on Westwater Resources in a research report on Thursday, June 11th. They set a “buy” rating and a $3.00 target price on the stock. HC Wainwright reduced their price target on Westwater Resources from $1.75 to $1.50 and set a “buy” rating for the company in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $2.17.

Institutional Trading of Westwater Resources

Several institutional investors have recently added to or reduced their stakes in WWR. Renaissance Technologies LLC boosted its stake in Westwater Resources by 169.4% during the 4th quarter. Renaissance Technologies LLC now owns 2,836,890 shares of the basic materials company’s stock valued at $2,128,000 after acquiring an additional 1,783,833 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Westwater Resources by 54.4% in the 4th quarter. Geode Capital Management LLC now owns 1,288,757 shares of the basic materials company’s stock worth $967,000 after purchasing an additional 454,005 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Westwater Resources in the 3rd quarter valued at about $972,000. XTX Topco Ltd raised its stake in shares of Westwater Resources by 717.9% in the 4th quarter. XTX Topco Ltd now owns 610,853 shares of the basic materials company’s stock valued at $458,000 after purchasing an additional 536,170 shares in the last quarter. Finally, Brooklands Fund Management Ltd lifted its position in shares of Westwater Resources by 117.7% during the first quarter. Brooklands Fund Management Ltd now owns 575,000 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 310,894 shares during the last quarter. 7.72% of the stock is owned by institutional investors and hedge funds.

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.