Insider Selling: Westwater Resources (NASDAQ:WWR) Director Sells $31,200.00 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $0.65, for a total transaction of $31,200.00. Following the completion of the sale, the director directly owned 825,888 shares in the company, valued at $536,827.20. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Price Performance

Shares of Westwater Resources stock opened at $0.58 on Friday. Westwater Resources, Inc. has a 1 year low of $0.38 and a 1 year high of $3.75. The firm has a market cap of $74.36 million, a PE ratio of -4.50 and a beta of 1.62. The company has a 50 day simple moving average of $0.48 and a two-hundred day simple moving average of $0.65.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Westwater Resources during the fourth quarter worth approximately $50,000. Centiva Capital LP purchased a new stake in shares of Westwater Resources in the 3rd quarter valued at $64,000. Alps Advisors Inc. purchased a new stake in shares of Westwater Resources in the 4th quarter valued at $89,000. Evernest Financial Advisors LLC grew its holdings 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 valued at $79,000 after purchasing an additional 80,000 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Westwater Resources during the 1st quarter valued at $87,000. 7.72% of the stock is currently owned by institutional investors.

About Westwater Resources

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.