Westwater Resources (NASDAQ:WWR) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Westwater Resources (NASDAQ:WWR) in a research report sent to investors on Thursday. The firm issued a sell rating on the basic materials company’s stock.

Westwater Resources Price Performance

Shares of WWR opened at $0.55 on Thursday. Westwater Resources has a 1-year low of $0.40 and a 1-year high of $0.78. The stock has a market cap of $34.09 million, a price-to-earnings ratio of -4.20 and a beta of 1.58. The firm has a 50 day simple moving average of $0.55 and a 200-day simple moving average of $0.52.

Hedge Funds Weigh In On Westwater Resources

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

About Westwater Resources

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.