Key Points
- Director Tracy Pagliara sold 26,237 Westwater Resources shares on June 1 at an average price of $0.57, for proceeds of about $14,955. The sale reduced the director’s stake by 2.76% and was made under a pre-arranged Rule 10b5-1 plan.
- Westwater Resources stock was trading around $0.55, near its 52-week low of $0.47 and well below its 52-week high of $3.75. The company has a market cap of about $69.3 million and a negative P/E ratio of -4.19.
- Analysts remain constructive on the stock, with two Buy ratings and a consensus price target of $1.88. The company is focused on developing battery-grade graphite for the lithium-ion battery market through its Coosa Graphite Project in Alabama.
Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) Director Tracy Pagliara sold 26,237 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $0.57, for a total value of $14,955.09. Following the completion of the transaction, the director owned 923,888 shares in the company, valued at $526,616.16. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Westwater Resources Stock Performance
Shares of NASDAQ WWR opened at $0.55 on Thursday. Westwater Resources, Inc. has a 52 week low of $0.47 and a 52 week high of $3.75. The stock's fifty day moving average is $0.62 and its 200 day moving average is $0.82. The stock has a market capitalization of $69.29 million, a P/E ratio of -4.19 and a beta of 1.59.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft bought a new position in Westwater Resources in the third quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Westwater Resources during the fourth quarter valued at about $50,000. Centiva Capital LP acquired a new stake in shares of Westwater Resources during the third quarter valued at about $64,000. Evernest Financial Advisors LLC boosted its stake in shares of Westwater Resources by 200.0% during the first quarter. Evernest Financial Advisors LLC now owns 120,000 shares of the basic materials company's stock valued at $79,000 after purchasing an additional 80,000 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Westwater Resources during the first quarter valued at about $87,000. Institutional investors own 7.72% of the company's stock.
Wall Street Analyst Weigh In
WWR has been the topic of a number of recent analyst reports. Maxim Group initiated coverage on Westwater Resources in a research report on Wednesday, April 15th. They issued a "buy" rating and a $2.00 target price on the stock. HC Wainwright reiterated a "buy" rating and issued a $1.75 target price on shares of Westwater Resources in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Westwater Resources has a consensus rating of "Buy" and a consensus price target of $1.88.
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About Westwater Resources
(
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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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