Westwater Resources (NASDAQ:WWR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Westwater Resources, Inc. (NASDAQ:WWR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.78 and traded as high as $1.74. Westwater Resources shares last traded at $1.56, with a volume of 6,629,140 shares changing hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.00 price objective on shares of Westwater Resources in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Westwater Resources has a consensus rating of “Buy” and an average price target of $2.00.

Westwater Resources Stock Up 1.3%

The business has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $0.78. The firm has a market cap of $134.51 million, a PE ratio of -12.00 and a beta of 1.49.

Hedge Funds Weigh In On Westwater Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Westwater Resources during the first quarter worth $84,000. Pinnacle Associates Ltd. grew its stake in shares of Westwater Resources by 53.0% during the first 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Westwater Resources during the first quarter worth $55,000. 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.