Westwater Resources (NASDAQ:WWR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Westwater Resources, Inc. (NASDAQ:WWR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.00 and traded as high as $1.26. Westwater Resources shares last traded at $1.19, with a volume of 3,178,259 shares changing hands.

Analyst Ratings Changes

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

Westwater Resources Trading Down 1.3%

The company has a fifty day moving average of $0.95 and a 200-day moving average of $1.01. The stock has a market cap of $138.64 million, a PE ratio of -9.04 and a beta of 1.49.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Baader Bank Aktiengesellschaft purchased a new stake in Westwater Resources during the 3rd quarter worth approximately $29,000. Centiva Capital LP acquired a new position in Westwater Resources during the 3rd quarter worth $64,000. Evernest Financial Advisors LLC purchased a new stake in Westwater Resources during the 3rd quarter worth about $95,000. Soviero Asset Management LP acquired a new stake in Westwater Resources in the 3rd quarter valued at about $446,000. Finally, Two Sigma Investments LP purchased a new position in shares of Westwater Resources in the 3rd quarter valued at about $972,000. Institutional investors and hedge funds own 7.72% of the company’s stock.

Westwater Resources Company Profile

Westwater Resources, Inc (NASDAQ: WWR) is a Houston?based mineral development company focused on advancing sustainable sources of battery?grade graphite for the lithium?ion battery market. The company’s primary asset is the Coosa Graphite Project in east?central Alabama, where Westwater is working to establish a fully integrated, U.S.?based supply chain for natural spherical graphite. By leveraging in?house purification and spheronization technology, Westwater aims to produce high?purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.