Westwater Resources (NASDAQ:WWR) Price Target Lowered to $2.00 at HC Wainwright

Westwater Resources (NASDAQ:WWR) had its price objective decreased by HC Wainwright from $2.50 to $2.00 in a report issued on Thursday morning,Benzinga reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.

Separately, Wall Street Zen started coverage on shares of Westwater Resources in a report on Wednesday, May 21st. They issued a “sell” rating on the stock.

Westwater Resources Stock Performance

NASDAQ:WWR opened at $0.59 on Thursday. Westwater Resources has a fifty-two week low of $0.45 and a fifty-two week high of $1.32. The stock has a market capitalization of $45.46 million, a P/E ratio of -4.58 and a beta of 1.06. The company’s 50-day simple moving average is $0.51 and its 200-day simple moving average is $0.65.

Institutional Trading of Westwater Resources

A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Associates Ltd. boosted its stake 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 worth $74,000 after purchasing an additional 46,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Westwater Resources in the 1st quarter worth approximately $55,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Westwater Resources in the 1st quarter worth approximately $84,000. Squarepoint Ops LLC boosted its stake in Westwater Resources by 30.4% in the 4th quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 41,515 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Westwater Resources by 165.3% in the 4th quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 35,046 shares in the last quarter. 7.72% of the stock is currently owned by institutional investors and hedge funds.

Westwater Resources Company Profile

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.