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

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

Westwater Resources Price Performance

Shares of Westwater Resources stock opened at $0.55 on Wednesday. The company has a market cap of $32.14 million, a PE ratio of -4.19 and a beta of 1.58. The firm has a fifty day moving average price of $0.55 and a two-hundred day moving average price of $0.52. Westwater Resources has a fifty-two week low of $0.40 and a fifty-two week high of $0.78.

Westwater Resources (NASDAQ:WWR) last released its earnings results on Wednesday, August 14th. The basic materials company reported ($0.07) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC increased its holdings in Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,958 shares of the basic materials company’s stock after purchasing an additional 44,267 shares during the period. Geode Capital Management LLC owned approximately 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. 7.72% of the stock is currently 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 Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.