Westwater Resources (NASDAQ:WWR) Director Sells $11,125.83 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 19,519 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $0.57, for a total value of $11,125.83. Following the transaction, the director directly owned 954,369 shares of the company’s stock, valued at $543,990.33. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Price Performance

WWR stock traded up $0.01 on Monday, reaching $0.57. The company’s stock had a trading volume of 997,747 shares, compared to its average volume of 1,553,567. Westwater Resources, Inc. has a 52 week low of $0.46 and a 52 week high of $3.75. The company has a market capitalization of $72.74 million, a P/E ratio of -4.40 and a beta of 1.65. The firm has a fifty day moving average of $0.63 and a two-hundred day moving average of $0.82.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WWR shares. HC Wainwright reissued a “buy” rating and issued a $1.75 price objective on shares of Westwater Resources in a report on Tuesday, April 7th. Maxim Group started coverage on Westwater Resources in a report on Wednesday, April 15th. They issued a “buy” rating and a $2.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwater Resources currently has a consensus rating of “Buy” and an average price target of $1.88.

Hedge Funds Weigh In On Westwater Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft bought a new position in Westwater Resources during the 3rd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in Westwater Resources during the 4th quarter valued at $50,000. Centiva Capital LP bought a new position in Westwater Resources during the 3rd quarter valued at $64,000. Evernest Financial Advisors LLC boosted its stake in 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 in the last quarter. Finally, Alps Advisors Inc. bought a new position in Westwater Resources during the 4th quarter valued at $89,000. 7.72% of the stock is 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.