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

Research analysts at StockNews.com assumed coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued on Friday. The brokerage set a “sell” rating on the basic materials company’s stock.

Westwater Resources Price Performance

WWR stock opened at $0.45 on Friday. The company’s 50 day simple moving average is $0.50 and its 200-day simple moving average is $0.55. Westwater Resources has a 12 month low of $0.44 and a 12 month high of $1.07. The firm has a market capitalization of $25.68 million, a PE ratio of -3.00 and a beta of 1.65.

Westwater Resources (NASDAQ:WWR) last announced its earnings results on Tuesday, March 19th. The basic materials company reported $0.04 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WWR. UBS Group AG lifted its stake in shares of Westwater Resources by 1,518.1% during the 3rd quarter. UBS Group AG now owns 22,654 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 21,254 shares during the period. Jane Street Group LLC lifted its position in Westwater Resources by 277.8% during the first quarter. Jane Street Group LLC now owns 14,190 shares of the basic materials company’s stock worth $28,000 after buying an additional 10,434 shares during the period. Morgan Stanley boosted its stake in Westwater Resources by 38.8% in the 4th quarter. Morgan Stanley now owns 58,205 shares of the basic materials company’s stock worth $46,000 after buying an additional 16,280 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Westwater Resources in the 4th quarter worth about $49,000. Finally, XTX Topco Ltd grew its holdings in Westwater Resources by 63.4% in the 1st quarter. XTX Topco Ltd now owns 25,967 shares of the basic materials company’s stock valued at $52,000 after buying an additional 10,079 shares during the period. 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 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.