Tracy Pagliara Sells 26,237 Shares of Westwater Resources (NASDAQ:WWR) Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 26,237 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $0.57, for a total transaction of $14,955.09. Following the transaction, the director owned 923,888 shares in the company, valued at $526,616.16. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Trading Down 4.7%

Shares of NASDAQ WWR opened at $0.52 on Friday. The firm’s 50-day moving average price is $0.62 and its 200-day moving average price is $0.81. Westwater Resources, Inc. has a 1-year low of $0.50 and a 1-year high of $3.75. The firm has a market capitalization of $66.04 million, a P/E ratio of -4.00 and a beta of 1.59.

Institutional Investors Weigh In On Westwater Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft bought a new position in shares of Westwater Resources during the 3rd quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Westwater Resources during the 4th quarter worth approximately $50,000. Centiva Capital LP bought a new position in shares of Westwater Resources during the 3rd quarter worth approximately $64,000. Evernest Financial Advisors LLC lifted its position in shares of Westwater Resources by 200.0% during the 1st quarter. Evernest Financial Advisors LLC now owns 120,000 shares of the basic materials company’s stock worth $79,000 after buying an additional 80,000 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Westwater Resources during the 1st quarter worth approximately $87,000. Hedge funds and other institutional investors own 7.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WWR shares. HC Wainwright restated a “buy” rating and issued a $1.75 target price on shares of Westwater Resources in a report on Tuesday, April 7th. Maxim Group started coverage on shares of Westwater Resources in a report on Wednesday, April 15th. They issued a “buy” rating and a $2.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Westwater Resources presently has an average rating of “Buy” and an average target price of $1.88.

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.