Separately, Zacks Investment Research raised Westwater Resources from a “hold” rating to a “buy” rating and set a $0.25 target price for the company in a research report on Friday, February 22nd.
NASDAQ:WWR traded down $0.49 during trading hours on Wednesday, reaching $4.50. 44,289 shares of the company were exchanged, compared to its average volume of 28,079. The company has a market capitalization of $6.72 million, a P/E ratio of -0.35 and a beta of 1.15. Westwater Resources has a 1-year low of $3.50 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.83 and a quick ratio of 0.83.
An institutional investor recently bought a new position in Westwater Resources stock. Bank of New York Mellon Corp purchased a new position in shares of Westwater Resources Inc (NASDAQ:WWR) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 182,161 shares of the basic materials company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned 0.27% of Westwater Resources at the end of the most recent quarter. 1.93% of the stock is currently owned by hedge funds and other institutional investors.
Westwater Resources Company Profile
Westwater Resources, Inc operates as a diversified energy materials development company. The company's principal project is the Coosa graphite project covering an area of approximately 41,964 acres situated in east-central Alabama. It also holds interest in three lithium brine exploration projects, which include Columbus Basin project in western Nevada; the Railroad Valley project in east-central Nevada; and the Sal Rica Project in northwestern Utah.
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