Tracy Pagliara Sells 19,519 Shares of Westwater Resources (NASDAQ:WWR) Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 19,519 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $0.57, for a total value of $11,125.83. Following the completion of the sale, the director directly owned 954,369 shares of the company’s stock, valued at $543,990.33. The trade was a 2.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Price Performance

Westwater Resources stock opened at $0.58 on Wednesday. The stock has a market capitalization of $73.23 million, a price-to-earnings ratio of -4.43 and a beta of 1.59. Westwater Resources, Inc. has a 1-year low of $0.46 and a 1-year high of $3.75. The business has a fifty day moving average price of $0.63 and a 200-day moving average price of $0.82.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WWR shares. Maxim Group started coverage on Westwater Resources in a research report on Wednesday, April 15th. They issued a “buy” rating and a $2.00 price objective for the company. HC Wainwright reissued a “buy” rating and issued a $1.75 price objective on shares of Westwater Resources in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1.88.

Hedge Funds Weigh In On Westwater Resources

Institutional investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft purchased a new position in shares of Westwater Resources during the 3rd quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Westwater Resources during the 4th quarter valued at about $50,000. Centiva Capital LP purchased a new position in shares of Westwater Resources during the 3rd quarter valued at about $64,000. Evernest Financial Advisors LLC purchased a new position in shares of Westwater Resources during the 3rd quarter valued at about $95,000. Finally, Alps Advisors Inc. purchased a new position in shares of Westwater Resources during the 4th quarter valued at about $89,000. Hedge funds and other institutional investors 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.