Westwater Resources (NASDAQ:WWR) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Westwater Resources (NASDAQ:WWRGet Rating) to a sell rating in a report released on Friday.

Shares of NASDAQ:WWR opened at $1.64 on Friday. The firm has a fifty day moving average price of $1.89 and a two-hundred day moving average price of $2.49. Westwater Resources has a one year low of $1.52 and a one year high of $5.70. The company has a market cap of $67.40 million, a price-to-earnings ratio of -3.28 and a beta of 1.38.

Westwater Resources (NASDAQ:WWRGet Rating) last announced its quarterly earnings results on Monday, February 14th. The basic materials company reported ($0.07) EPS for the quarter.

Institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Westwater Resources in the 4th quarter worth $28,000. Goldman Sachs Group Inc. purchased a new position in Westwater Resources in the 4th quarter worth $40,000. Dark Forest Capital Management LP purchased a new position in Westwater Resources in the 3rd quarter worth $44,000. Millennium Management LLC raised its position in Westwater Resources by 28.1% in the 4th quarter. Millennium Management LLC now owns 23,884 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 5,243 shares during the period. Finally, Eidelman Virant Capital raised its position in Westwater Resources by 72.2% in the 4th quarter. Eidelman Virant Capital now owns 31,000 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 13,000 shares during the period. Hedge funds and other institutional investors own 9.78% of the company’s stock.

Westwater Resources Company Profile (Get Rating)

Westwater Resources, Inc operates as an energy materials developer. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc and changed its name to Westwater Resources, Inc in August 2017.

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