StockNews.com Begins Coverage on Westwater Resources (NASDAQ:WWR)

Equities researchers at StockNews.com assumed coverage on shares of Westwater Resources (NASDAQ:WWR) in a note issued to investors on Friday. The brokerage set a “sell” rating on the basic materials company’s stock.

Westwater Resources Stock Up 4.1 %

Shares of NASDAQ:WWR opened at $0.59 on Friday. The stock has a market cap of $36.88 million, a price-to-earnings ratio of -4.54 and a beta of 1.58. The business’s 50 day moving average is $0.56 and its 200 day moving average is $0.52. Westwater Resources has a 12-month low of $0.40 and a 12-month high of $0.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Westwater Resources stock. Virtu Financial LLC bought a new position in shares of Westwater Resources, Inc. (NASDAQ:WWR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 65,905 shares of the basic materials company’s stock, valued at approximately $34,000. Virtu Financial LLC owned approximately 0.11% of Westwater Resources as of its most recent SEC filing. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

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.