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

StockNews.com began coverage on shares of Westwater Resources (NASDAQ:WWR) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the basic materials company’s stock.

Westwater Resources Price Performance

NASDAQ WWR opened at $0.48 on Thursday. The business has a 50 day simple moving average of $0.50 and a 200 day simple moving average of $0.56. Westwater Resources has a 52-week low of $0.45 and a 52-week high of $1.07.

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

Institutional Trading of Westwater Resources

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of Westwater Resources by 20.5% during the 2nd quarter. Renaissance Technologies LLC now owns 682,382 shares of the basic materials company’s stock worth $737,000 after acquiring an additional 116,082 shares in the last quarter. Citigroup Inc. bought a new position in shares of Westwater Resources during the 1st quarter worth approximately $232,000. Virtu Financial LLC bought a new position in shares of Westwater Resources during the 1st quarter worth approximately $128,000. GSA Capital Partners LLP bought a new position in shares of Westwater Resources during the 4th quarter worth approximately $49,000. Finally, Jane Street Group LLC bought a new position in shares of Westwater Resources during the 4th quarter worth approximately $42,000. 7.72% of the stock is owned by institutional investors.

Westwater Resources Company Profile

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.