Westwater Resources (NASDAQ:WWR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Westwater Resources, Inc. (NASDAQ:WWR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.78 and traded as high as $1.74. Westwater Resources shares last traded at $1.56, with a volume of 6,629,140 shares.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $2.00 target price on shares of Westwater Resources in a report on Friday, August 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $2.00.

Westwater Resources Stock Performance

The stock has a market cap of $134.51 million, a PE ratio of -12.00 and a beta of 1.49. The company’s 50-day moving average price is $1.14 and its 200 day moving average price is $0.78.

Institutional Trading of Westwater Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Westwater Resources in the first quarter valued at approximately $84,000. Pinnacle Associates Ltd. raised its position in Westwater Resources by 53.0% in the first quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 46,400 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Westwater Resources in the first quarter valued at approximately $55,000. Hedge funds and other 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.