Westwater Resources (NASDAQ:WWR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note released on Friday. The brokerage issued a sell rating on the basic materials company’s stock.

Westwater Resources Stock Performance

WWR opened at $0.45 on Friday. Westwater Resources has a 1-year low of $0.44 and a 1-year high of $1.07. The firm has a 50-day moving average price of $0.50 and a two-hundred day moving average price of $0.55.

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

Institutional Investors Weigh In On Westwater Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. acquired a new stake in shares of Westwater Resources during the 1st quarter worth approximately $232,000. State Street Corp grew its position in shares of Westwater Resources by 17.2% during the 1st quarter. State Street Corp now owns 90,405 shares of the basic materials company’s stock worth $181,000 after buying an additional 13,253 shares during the period. Virtu Financial LLC acquired a new stake in shares of Westwater Resources during the 1st quarter worth approximately $128,000. Price T Rowe Associates Inc. MD grew its position in shares of Westwater Resources by 21.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 111,000 shares of the basic materials company’s stock worth $120,000 after buying an additional 19,500 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Westwater Resources by 73,887.8% during the 1st quarter. Bank of America Corp DE now owns 30,335 shares of the basic materials company’s stock worth $60,000 after buying an additional 30,294 shares during the period. Institutional investors and hedge funds own 7.72% of the company’s stock.

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.