Westwater Resources (NASDAQ:WWR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Westwater Resources, Inc. (NASDAQ:WWR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.92 and traded as high as $1.05. Westwater Resources shares last traded at $0.9984, with a volume of 1,826,213 shares traded.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price objective on Westwater Resources from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1.75.

Westwater Resources Price Performance

The stock has a market cap of $117.80 million, a P/E ratio of -7.68 and a beta of 1.41. The stock’s 50-day moving average is $1.34 and its two-hundred day moving average is $0.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft bought a new stake in shares of Westwater Resources in the third quarter worth about $29,000. Centiva Capital LP purchased a new position in Westwater Resources during the 3rd quarter valued at approximately $64,000. Evernest Financial Advisors LLC bought a new stake in Westwater Resources in the 3rd quarter worth approximately $95,000. Soviero Asset Management LP purchased a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $446,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $972,000. Hedge funds and other institutional investors own 7.72% of the company’s stock.

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.