Key Points
- Westwater Resources director Tracy Pagliara sold 19,519 shares on May 28 at an average price of $0.57, totaling about $11,126. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Pagliara still directly owned 954,369 shares, valued at roughly $543,990, and the sale represented a 2.00% reduction in the position.
- Westwater Resources shares were trading at $0.57, giving the company a market cap of $72.74 million. Analysts currently rate the stock a Buy with a consensus price target of $1.88.
Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) Director Tracy Pagliara sold 19,519 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $0.57, for a total value of $11,125.83. Following the completion of the sale, the director directly owned 954,369 shares of the company's stock, valued at $543,990.33. The trade was a 2.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwater Resources Stock Performance
Shares of WWR opened at $0.57 on Tuesday. The company has a market capitalization of $72.74 million, a P/E ratio of -4.40 and a beta of 1.65. Westwater Resources, Inc. has a one year low of $0.46 and a one year high of $3.75. The stock has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.82.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on WWR. Maxim Group began coverage on Westwater Resources in a report on Wednesday, April 15th. They issued a "buy" rating and a $2.00 price target for the company. HC Wainwright reissued a "buy" rating and issued a $1.75 price target on shares of Westwater Resources in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Westwater Resources presently has an average rating of "Buy" and a consensus target price of $1.88.
Read Our Latest Report on WWR
Institutional Trading of Westwater Resources
A number of institutional investors and hedge funds have recently made changes to their positions in WWR. Baader Bank Aktiengesellschaft acquired a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $29,000. Evernest Financial Advisors LLC acquired a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $95,000. Soviero Asset Management LP acquired a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $446,000. Two Sigma Investments LP acquired a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $972,000. Finally, Centiva Capital LP acquired a new stake in shares of Westwater Resources during the 3rd quarter worth approximately $64,000. 7.72% of the stock is currently owned by institutional investors and hedge funds.
Westwater Resources Company Profile
(
Get Free Report)
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.
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