Shares of Westwater Resources Inc (NASDAQ:WWR) rose 5.6% on Monday . The stock traded as high as $0.19 and last traded at $0.19. Approximately 1,483,035 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 680,154 shares. The stock had previously closed at $0.18.
WWR has been the topic of several recent research reports. ValuEngine downgraded Westwater Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Westwater Resources from a “hold” rating to a “buy” rating and set a $0.25 target price on the stock in a research note on Friday, February 22nd.
The company has a market cap of $12.77 million, a P/E ratio of -0.73 and a beta of 1.11.
Westwater Resources (NASDAQ:WWR) last issued its earnings results on Tuesday, February 19th. The basic materials company reported ($0.03) EPS for the quarter.
An institutional investor recently bought a new position in Westwater Resources stock. Bank of New York Mellon Corp bought a new stake in shares of Westwater Resources Inc (NASDAQ:WWR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 182,161 shares of the basic materials company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned about 0.27% of Westwater Resources at the end of the most recent quarter. 1.92% of the stock is currently owned by institutional investors.
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Westwater Resources Company Profile (NASDAQ:WWR)
Westwater Resources, Inc operates as a diversified energy materials development company. The company's principal project is the Coosa graphite project covering an area of approximately 41,964 acres situated in east-central Alabama. It also holds interest in three lithium brine exploration projects, which include Columbus Basin project in western Nevada; the Railroad Valley project in east-central Nevada; and the Sal Rica Project in northwestern Utah.
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