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

Westwater Resources, Inc. (NASDAQ:WWR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.55 and traded as high as $0.87. Westwater Resources shares last traded at $0.84, with a volume of 1,062,342 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Westwater Resources in a research note on Wednesday, January 1st. They set a “sell” rating on the stock.

Westwater Resources Price Performance

The stock’s 50 day simple moving average is $0.61 and its two-hundred day simple moving average is $0.55. The stock has a market capitalization of $52.51 million, a PE ratio of -6.46 and a beta of 1.53.

Insider Buying and Selling

In other news, Director Terence James Cryan acquired 50,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $0.54 per share, for a total transaction of $27,000.00. Following the purchase, the director now owns 446,443 shares of the company’s stock, valued at approximately $241,079.22. The trade was a 12.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westwater Resources

An institutional investor recently bought a new position in Westwater Resources stock. Virtu Financial LLC purchased a new stake in Westwater Resources, Inc. (NASDAQ:WWR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 65,905 shares of the basic materials company’s stock, valued at approximately $34,000. Virtu Financial LLC owned approximately 0.11% of Westwater Resources as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.72% of the company’s stock.

About Westwater Resources

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.