StockNews.com Upgrades Westwater Resources (NASDAQ:WWR) to Sell

Westwater Resources (NASDAQ:WWR) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued on Wednesday.

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

Westwater Resources Stock Up 10.8 %

Westwater Resources stock traded up $0.06 during trading on Wednesday, hitting $0.60. The stock had a trading volume of 4,859,741 shares, compared to its average volume of 461,349. Westwater Resources has a 1 year low of $0.40 and a 1 year high of $1.32. The stock’s 50 day moving average is $0.67 and its two-hundred day moving average is $0.66. The stock has a market cap of $43.26 million, a price-to-earnings ratio of -4.62 and a beta of 1.44.

Institutional Trading of Westwater Resources

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in Westwater Resources in the 3rd quarter worth $34,000. Jane Street Group LLC increased its position in 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 valued at $40,000 after buying an additional 35,046 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Westwater Resources by 536.3% in the 4th quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 83,611 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Westwater Resources by 34.7% in the fourth quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company’s stock worth $91,000 after buying an additional 32,952 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Westwater Resources by 30.4% during the 4th quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 41,515 shares during the last quarter. 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.