Westwater Resources (WWR) Sees Large Volume Increase

Westwater Resources Inc (NASDAQ:WWR) shares saw unusually-high trading volume on Tuesday . Approximately 1,756,395 shares traded hands during mid-day trading, an increase of 162% from the previous session’s volume of 670,871 shares.The stock last traded at $0.16 and had previously closed at $0.15.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Westwater Resources from a “hold” rating to a “buy” rating in a report on Wednesday, December 12th. Zacks Investment Research raised shares of Westwater Resources from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a report on Friday, February 22nd.

The firm has a market capitalization of $10.86 million, a PE ratio of -0.58 and a beta of 1.11.

Westwater Resources (NASDAQ:WWR) last issued its earnings results on Tuesday, February 19th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Equities analysts anticipate that Westwater Resources Inc will post -0.19 EPS for the current year.

An institutional investor recently bought a new position in Westwater Resources stock. Bank of New York Mellon Corp bought a new position in shares of Westwater Resources Inc (NASDAQ:WWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 182,161 shares of the basic materials company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned about 0.27% of Westwater Resources at the end of the most recent reporting period. Institutional investors own 1.92% of the company’s stock.

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Westwater Resources Company Profile (NASDAQ:WWR)

Westwater Resources, Inc operates as an energy metals exploration and development company. The company holds interests in the three lithium brine exploration projects, which include Columbus Basin project in western Nevada; the Railroad Valley project in east-central Nevada; and the Sal Rica Project in northwestern Utah.

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