Westwater Resources (NASDAQ:WWR) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Westwater Resources, Inc. (NASDAQ:WWR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.52 and traded as high as $0.56. Westwater Resources shares last traded at $0.55, with a volume of 172,850 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Westwater Resources in a research note on Thursday. They set a “sell” rating on the stock.

Westwater Resources Price Performance

The stock’s 50 day simple moving average is $0.55 and its two-hundred day simple moving average is $0.52. The stock has a market cap of $34.14 million, a price-to-earnings ratio of -4.22 and a beta of 1.58.

Institutional Investors Weigh In On Westwater Resources

A hedge fund recently bought a new stake in Westwater Resources stock. Virtu Financial LLC bought a new stake in Westwater Resources, Inc. (NASDAQ:WWR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 SEC. 7.72% of the stock is owned by institutional investors.

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.