Westwater Resources (NASDAQ:WWR – Get Free Report) had its price target dropped by HC Wainwright from $2.00 to $1.75 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target points to a potential upside of 74.65% from the company’s previous close.
Westwater Resources Stock Performance
Shares of WWR stock traded down $0.08 on Thursday, hitting $1.00. The company’s stock had a trading volume of 3,246,754 shares, compared to its average volume of 2,813,196. The stock’s 50 day moving average is $1.29 and its 200-day moving average is $0.86. Westwater Resources has a fifty-two week low of $0.45 and a fifty-two week high of $3.75. The company has a market capitalization of $86.40 million, a PE ratio of -7.65 and a beta of 1.76.
Institutional Trading of Westwater Resources
Several large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Westwater Resources in the first quarter valued at approximately $55,000. Pinnacle Associates Ltd. increased its position in shares of Westwater Resources by 53.0% during the first quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 46,400 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Westwater Resources during the third quarter valued at about $29,000. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of Westwater Resources during the third quarter valued at approximately $95,000. 7.72% of the stock is currently owned by institutional investors and hedge funds.
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 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.
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