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

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

Westwater Resources Price Performance

Shares of WWR stock opened at $0.45 on Friday. Westwater Resources has a 52 week low of $0.44 and a 52 week high of $1.07. The firm has a 50 day moving average of $0.50 and a 200-day moving average of $0.55.

Westwater Resources (NASDAQ:WWR) last announced its quarterly earnings data on Tuesday, March 19th. The basic materials company reported $0.04 EPS for the quarter.

Institutional Trading of Westwater Resources

Large investors have recently modified their holdings of the stock. Citigroup Inc. bought a new position in shares of Westwater Resources in the 1st quarter worth $232,000. State Street Corp lifted its holdings in shares of Westwater Resources by 17.2% in the 1st quarter. State Street Corp now owns 90,405 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 13,253 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Westwater Resources in the 1st quarter worth $128,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Westwater Resources by 21.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 111,000 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 19,500 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Westwater Resources by 73,887.8% in the 1st quarter. Bank of America Corp DE now owns 30,335 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 30,294 shares in the last quarter. Institutional investors and hedge funds own 7.72% of the company’s stock.

About Westwater Resources

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc and changed its name to Westwater Resources, Inc in August 2017.