Westwater Resources (NASDAQ:WWR) Stock Passes Above Two Hundred Day Moving Average - Here's Why
Westwater Resources (NASDAQ: WWR) shares have crossed above their 200-day moving average of $0.85, reaching a high of $1.14 before last trading at $1.06. Analysts maintain a "buy" rating with a price target of $2.00. The company, focused on developing battery-grade natural graphite, has a market cap of $91.40 million and institutional investors hold 7.72% of its stock. Recent trading volume was 5,786,079 shares.
Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.85 and traded as high as $1.14. Westwater Resources shares last traded at $1.06, with a volume of 5,786,079 shares trading hands.
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Analysts Set New Price Targets
- West Water Resources NASDAQ: WWR Stock is an Under-the-Radar EV Battery Play
Separately, HC Wainwright restated a "buy" rating and set a $2.00 price target on shares of Westwater Resources in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $2.00.
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Westwater Resources Price Performance
The firm has a market capitalization of $91.40 million, a P/E ratio of -8.15 and a beta of 1.76. The firm's fifty day moving average price is $1.28 and its 200-day moving average price is $0.85.
Institutional Trading of Westwater Resources
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Westwater Resources in the third quarter valued at $29,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Westwater Resources in the first quarter worth about $55,000. Pinnacle Associates Ltd. lifted its holdings in Westwater Resources by 53.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 46,400 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Westwater Resources during the 1st quarter valued at about $84,000. Institutional investors own 7.72% of the company's stock.
About Westwater Resources
(Get Free Report)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.
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