Westwater Resources (NASDAQ:WWR) Director Tracy Pagliara Sells 50,000 Shares of Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 50,000 shares of Westwater Resources stock in a transaction on Friday, August 7th. The stock was sold at an average price of $0.57, for a total transaction of $28,500.00. Following the sale, the director directly owned 873,888 shares in the company, valued at approximately $498,116.16. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Down 3.6%

Shares of Westwater Resources stock traded down $0.02 during trading hours on Tuesday, reaching $0.60. 7,261,697 shares of the company’s stock were exchanged, compared to its average volume of 2,309,387. The business has a fifty day moving average of $0.48 and a two-hundred day moving average of $0.66. The company has a market capitalization of $76.30 million, a P/E ratio of -4.62 and a beta of 1.62. Westwater Resources, Inc. has a 1 year low of $0.38 and a 1 year high of $3.75.

Hedge Funds Weigh In On Westwater Resources

Institutional investors have recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Westwater Resources in the 4th quarter valued at about $50,000. Centiva Capital LP acquired a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $64,000. Alps Advisors Inc. purchased a new stake in shares of Westwater Resources during the 4th quarter valued at approximately $89,000. Evernest Financial Advisors LLC raised its position in shares of 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 buying an additional 80,000 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in Westwater Resources in the first quarter valued at approximately $87,000. 7.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on WWR. Maxim Group assumed coverage on shares of Westwater Resources in a report on Wednesday, April 15th. They issued a “buy” rating and a $2.00 price objective for the company. HC Wainwright lowered their target price on Westwater Resources from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Monday, August 3rd. Finally, D. Boral Capital initiated coverage on Westwater Resources in a research report on Thursday, June 11th. They issued a “buy” rating and a $3.00 price target for the company. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Westwater Resources presently has an average rating of “Buy” and an average target price of $2.17.

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.