Westwater Resources (NASDAQ:WWR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Westwater Resources, Inc. (NASDAQ:WWR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.89 and traded as high as $0.99. Westwater Resources shares last traded at $0.9630, with a volume of 1,389,109 shares trading hands.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price objective on Westwater Resources from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1.75.

Westwater Resources Stock Performance

The firm’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $0.89. The company has a market capitalization of $113.62 million, a price-to-earnings ratio of -7.41 and a beta of 1.76.

Hedge Funds Weigh In On Westwater Resources

Several large investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft bought a new stake in shares of Westwater Resources in the 3rd quarter worth approximately $29,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Westwater Resources in the first quarter worth $55,000. Centiva Capital LP acquired a new stake in Westwater Resources during the third quarter worth $64,000. Evernest Financial Advisors LLC bought a new stake in Westwater Resources in the 3rd quarter valued at $95,000. Finally, Soviero Asset Management LP bought a new stake in Westwater Resources in the 3rd quarter valued at $446,000. Institutional investors and hedge funds own 7.72% of the company’s stock.

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.