Westwater Resources (NASDAQ:WWR) Director Sells $38,000.00 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Karli Anderson sold 50,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $0.76, for a total value of $38,000.00. Following the transaction, the director directly owned 790,909 shares in the company, valued at $601,090.84. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Trading Down 3.6%

NASDAQ:WWR traded down $0.02 during trading hours on Tuesday, hitting $0.60. The company had a trading volume of 7,261,697 shares, compared to its average volume of 2,309,387. Westwater Resources, Inc. has a 1 year low of $0.38 and a 1 year high of $3.75. The company has a market cap of $76.30 million, a P/E ratio of -4.62 and a beta of 1.62. The company has a 50-day moving average of $0.48 and a 200 day moving average of $0.66.

Wall Street Analysts Forecast Growth

WWR has been the subject of several recent analyst reports. Maxim Group initiated coverage on shares of Westwater Resources in a research report on Wednesday, April 15th. They set a “buy” rating and a $2.00 price objective for the company. HC Wainwright cut their price target on shares of Westwater Resources from $1.75 to $1.50 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, D. Boral Capital assumed coverage on shares of Westwater Resources in a research report on Thursday, June 11th. They set a “buy” rating and a $3.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Westwater Resources currently has a consensus rating of “Buy” and an average price target of $2.17.

Institutional Trading of Westwater Resources

Several institutional investors and hedge funds have recently bought and sold shares of WWR. Two Sigma Investments LP purchased a new position in Westwater Resources during the third quarter worth about $972,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Westwater Resources in the 4th quarter valued at approximately $50,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Westwater Resources in the 4th quarter worth approximately $154,000. Brooklands Fund Management Ltd acquired a new position in shares of Westwater Resources in the 4th quarter worth approximately $198,000. Finally, Renaissance Technologies LLC boosted its position in shares of Westwater Resources by 169.4% during the 4th quarter. Renaissance Technologies LLC now owns 2,836,890 shares of the basic materials company’s stock worth $2,128,000 after purchasing an additional 1,783,833 shares during the period. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

About Westwater Resources

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.