Geode Capital Management LLC Has $431,000 Holdings in Westwater Resources, Inc. (NASDAQ:WWR)

Geode Capital Management LLC lifted its position in shares of Westwater Resources, Inc. (NASDAQ:WWR) by 16.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 608,045 shares of the basic materials company’s stock after purchasing an additional 87,087 shares during the period. Geode Capital Management LLC’s holdings in Westwater Resources were worth $431,000 as of its most recent SEC filing.

Separately, Virtu Financial LLC increased its stake in Westwater Resources by 29.1% during the 4th quarter. Virtu Financial LLC now owns 85,116 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 19,211 shares in the last quarter. 7.72% of the stock is currently owned by institutional investors and hedge funds.

Westwater Resources Trading Up 0.6 %

Shares of Westwater Resources stock opened at $0.49 on Friday. The company has a market capitalization of $35.23 million, a P/E ratio of -3.76 and a beta of 1.44. The stock has a fifty day simple moving average of $0.57 and a 200 day simple moving average of $0.66. Westwater Resources, Inc. has a 12-month low of $0.42 and a 12-month high of $1.32.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WWR shares. HC Wainwright began coverage on shares of Westwater Resources in a research note on Tuesday, March 11th. They issued a “buy” rating and a $2.50 price objective on the stock. StockNews.com raised shares of Westwater Resources to a “sell” rating in a research report on Wednesday, April 16th.

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.