Westwater Resources (NASDAQ:WWR) Earns Sell Rating from Analysts at StockNews.com

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

Separately, HC Wainwright began coverage on shares of Westwater Resources in a research note on Tuesday, March 11th. They issued a “buy” rating and a $2.50 price objective on the stock.

Westwater Resources Stock Performance

Shares of WWR opened at $0.47 on Wednesday. The stock has a market capitalization of $36.29 million, a P/E ratio of -3.65 and a beta of 1.23. The company’s fifty day moving average is $0.53 and its two-hundred day moving average is $0.65. Westwater Resources has a 1 year low of $0.45 and a 1 year high of $1.32.

Institutional Investors Weigh In On Westwater Resources

Several institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. boosted its position in shares of Westwater Resources by 53.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 46,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Westwater Resources during the 1st quarter worth $55,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Westwater Resources during the 1st quarter worth $84,000. Squarepoint Ops LLC boosted its position in shares of Westwater Resources by 30.4% during the 4th quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 41,515 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Westwater Resources by 165.3% during the 4th quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 35,046 shares in the last quarter. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

About Westwater Resources

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.