Westwater Resources (NASDAQ:WWR) Director Sells $28,500.00 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 50,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $0.57, for a total value of $28,500.00. Following the transaction, the director directly owned 873,888 shares of the company’s stock, valued at approximately $498,116.16. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Stock Performance

WWR stock opened at $0.58 on Friday. The company’s 50 day moving average price is $0.48 and its 200 day moving average price is $0.65. The firm has a market capitalization of $74.36 million, a price-to-earnings ratio of -4.50 and a beta of 1.62. Westwater Resources, Inc. has a fifty-two week low of $0.38 and a fifty-two week high of $3.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WWR shares. HC Wainwright reduced their price objective on shares of Westwater Resources from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Monday, August 3rd. D. Boral Capital started coverage on Westwater Resources in a report on Thursday, June 11th. They issued a “buy” rating and a $3.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $2.17.

Institutional Investors Weigh In On Westwater Resources

Several institutional investors have recently added to or reduced their stakes in the business. Soviero Asset Management LP purchased a new stake in Westwater Resources during the third quarter worth approximately $446,000. Two Sigma Investments LP purchased a new position in Westwater Resources in the third quarter valued at approximately $972,000. Centiva Capital LP acquired a new stake in Westwater Resources during the third quarter worth approximately $64,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Westwater Resources during the fourth quarter worth approximately $154,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Westwater Resources during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 7.72% of the company’s stock.

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.