Insider Buying: Westwater Resources, Inc. (NASDAQ:WWR) Director Buys $27,000.00 in Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Terence James Cryan acquired 50,000 shares of the business’s 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 transaction, the director now owns 446,443 shares of the company’s stock, valued at approximately $241,079.22. This represents a 12.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Westwater Resources Price Performance

NASDAQ WWR opened at $0.59 on Thursday. Westwater Resources, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $0.70. The stock’s 50-day moving average is $0.57 and its two-hundred day moving average is $0.53. The firm has a market cap of $36.95 million, a P/E ratio of -4.55 and a beta of 1.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Westwater Resources stock. Geode Capital Management LLC boosted its position in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,958 shares of the basic materials company’s stock after acquiring an additional 44,267 shares during the period. Geode Capital Management LLC owned 0.88% of Westwater Resources worth $269,000 at the end of the most recent quarter. 7.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Westwater Resources in a research note on Saturday, December 7th. They set a “sell” rating on the stock.

Westwater Resources Company Profile

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.