Westwater Resources (NASDAQ:WWR) Director Tracy Pagliara Sells 19,519 Shares

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 19,519 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $0.57, for a total value of $11,125.83. Following the completion of the transaction, the director owned 954,369 shares of the company’s stock, valued at $543,990.33. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Trading Up 1.9%

Westwater Resources stock opened at $0.57 on Tuesday. The firm has a market capitalization of $72.74 million, a P/E ratio of -4.40 and a beta of 1.65. The stock has a fifty day moving average price of $0.63 and a 200 day moving average price of $0.82. Westwater Resources, Inc. has a 52 week low of $0.46 and a 52 week high of $3.75.

Institutional Investors Weigh In On Westwater Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. OMERS ADMINISTRATION Corp purchased a new stake in shares of Westwater Resources in the first quarter worth about $87,000. Brooklands Fund Management Ltd boosted its position in shares of Westwater Resources by 117.7% in the first quarter. Brooklands Fund Management Ltd now owns 575,000 shares of the basic materials company’s stock worth $376,000 after buying an additional 310,894 shares during the period. Evernest Financial Advisors LLC boosted its position in shares of Westwater Resources by 200.0% in the first quarter. Evernest Financial Advisors LLC now owns 120,000 shares of the basic materials company’s stock worth $79,000 after buying an additional 80,000 shares during the period. XTX Topco Ltd boosted its position in shares of Westwater Resources by 717.9% in the fourth quarter. XTX Topco Ltd now owns 610,853 shares of the basic materials company’s stock worth $458,000 after buying an additional 536,170 shares during the period. Finally, State Street Corp boosted its position in shares of Westwater Resources by 141.5% in the fourth quarter. State Street Corp now owns 357,505 shares of the basic materials company’s stock worth $268,000 after buying an additional 209,500 shares during the period. Hedge funds and other institutional investors own 7.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WWR shares. HC Wainwright reiterated a “buy” rating and issued a $1.75 target price on shares of Westwater Resources in a research note on Tuesday, April 7th. Maxim Group started coverage on Westwater Resources in a research note on Wednesday, April 15th. They issued a “buy” rating and a $2.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Westwater Resources presently has an average rating of “Buy” and a consensus price target of $1.88.

Westwater Resources Company Profile

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.