Westwater Resources (NASDAQ:WWR) Director Tracy Pagliara Sells 48,000 Shares

Westwater Resources, Inc. (NASDAQ:WWR) Director Tracy Pagliara sold 48,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $0.65, for a total value of $31,200.00. Following the completion of the sale, the director directly owned 825,888 shares of the company’s stock, valued at $536,827.20. The trade was a 5.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwater Resources Trading Down 3.6%

WWR stock traded down $0.02 during trading on Tuesday, reaching $0.60. 7,261,697 shares of the stock were exchanged, compared to its average volume of 2,309,387. The firm’s 50 day moving average is $0.48 and its 200 day moving average is $0.66. The firm has a market cap of $76.30 million, a P/E ratio of -4.62 and a beta of 1.62. Westwater Resources, Inc. has a twelve month low of $0.38 and a twelve month high of $3.75.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WWR. Soviero Asset Management LP purchased a new stake in Westwater Resources in the 3rd quarter valued at $446,000. Two Sigma Investments LP purchased a new stake in shares of Westwater Resources during the third quarter valued at approximately $972,000. Centiva Capital LP purchased a new stake in shares of Westwater Resources during the 3rd quarter valued at $64,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Westwater Resources during the fourth quarter valued at about $154,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Westwater Resources in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 7.72% of the company’s stock.

Analyst Ratings Changes

WWR has been the subject of several research reports. D. Boral Capital began coverage on shares of Westwater Resources in a research report on Thursday, June 11th. They issued a “buy” rating and a $3.00 price target for the company. HC Wainwright lowered their price objective on shares of Westwater Resources from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Monday, August 3rd. Finally, Maxim Group began coverage on shares of Westwater Resources in a research note on Wednesday, April 15th. They issued a “buy” rating and a $2.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $2.17.

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.