Insider Buying: Westwater Resources, Inc. (NASDAQ:WWR) Director Acquires 50,000 Shares of Stock

Westwater Resources, Inc. (NASDAQ:WWR) Director Terence James Cryan purchased 50,000 shares of Westwater Resources stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $0.54 per share, with a total value of $27,000.00. Following the transaction, the director now owns 446,443 shares of the company’s stock, valued at $241,079.22. This trade represents a 12.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Westwater Resources Stock Performance

NASDAQ WWR traded down $0.03 on Monday, hitting $0.50. 656,747 shares of the stock traded hands, compared to its average volume of 230,488. The business’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.53. Westwater Resources, Inc. has a 12 month low of $0.40 and a 12 month high of $0.70. The firm has a market capitalization of $31.25 million, a price-to-earnings ratio of -3.85 and a beta of 1.57.

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 position in Westwater Resources, Inc. (NASDAQ:WWR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing. 7.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.