StockNews.com Begins Coverage on Westwater Resources (NASDAQ:WWR)

StockNews.com assumed coverage on shares of Westwater Resources (NASDAQ:WWR) in a research report report published on Wednesday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Westwater Resources Stock Down 2.7 %

WWR stock opened at $0.55 on Wednesday. Westwater Resources has a 12-month low of $0.40 and a 12-month high of $0.78. The company has a market cap of $32.14 million, a price-to-earnings ratio of -4.19 and a beta of 1.58. The company has a 50 day moving average of $0.55 and a two-hundred day moving average of $0.52.

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

Institutional Trading of Westwater Resources

An institutional investor recently raised its position in Westwater Resources stock. Geode Capital Management LLC lifted its holdings in Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm 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 0.88% of Westwater Resources worth $269,000 as of its most recent filing with the SEC. 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.