Westwater Resources Inc (NASDAQ:WWR)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $3.50 and last traded at $3.91, with a volume of 12726 shares changing hands. The stock had previously closed at $4.11.
WWR has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Westwater Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Westwater Resources from a “hold” rating to a “buy” rating and set a $0.25 price objective for the company in a research report on Friday, February 22nd.
The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $6.72 million, a price-to-earnings ratio of -0.35 and a beta of 1.15.
Westwater Resources (NASDAQ:WWR) last posted its earnings results on Wednesday, May 8th. The basic materials company reported ($2.15) earnings per share for the quarter.
A hedge fund recently bought a new stake 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 disclosure with the SEC. The institutional investor acquired 182,161 shares of the basic materials company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned about 0.27% of Westwater Resources as of its most recent filing with the SEC. 1.93% of the stock is owned by institutional investors.
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About Westwater Resources (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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