Westwater Resources (NASDAQ:WWR) Trading 13.4% Higher

Westwater Resources Inc (NASDAQ:WWR) traded up 13.4% during trading on Tuesday . The stock traded as high as $3.37 and last traded at $3.29, 167,635 shares traded hands during trading. An increase of 433% from the average session volume of 31,479 shares. The stock had previously closed at $2.90.

Separately, ValuEngine lowered shares of Westwater Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

The stock’s fifty day moving average is $4.12 and its 200-day moving average is $3.17. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.02.

An institutional investor recently bought a new position in Westwater Resources stock. Bank of New York Mellon Corp acquired a new stake in Westwater Resources Inc (NASDAQ:WWR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 182,161 shares of the basic materials company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned approximately 0.27% of Westwater Resources as of its most recent filing with the SEC.

Westwater Resources Company Profile (NASDAQ:WWR)

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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