Westwater Resources, Inc. (WWR) Can’t Burn Your Short Portfolio. Just Reaches Yearly Low

May 16, 2018 - By Maria Brooks

The stock of Westwater Resources, Inc. (NASDAQ:WWR) hit a new 52-week low and has $0.41 target or 3.00 % below today’s $0.42 share price. The 8 months bearish chart indicates high risk for the $17.53M company. The 1-year low was reported on May, 16 by Barchart.com. If the $0.41 price target is reached, the company will be worth $525,900 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.48% or $0.0197 during the last trading session, reaching $0.4203. About 292,491 shares traded or 45.14% up from the average. Westwater Resources, Inc. (NASDAQ:WWR) has declined 69.33% since May 16, 2017 and is downtrending. It has underperformed by 80.88% the S&P500.

More important recent Westwater Resources, Inc. (NASDAQ:WWR) news were published by: Globenewswire.com which released: “Westwater Resources Reports First Quarter 2018 Operating Results” on May 14, 2018, also Nasdaq.com published article titled: “Westwater Resources Announces Q1 2018 Results & Energy Minerals Business Update Conference Call”, Nasdaq.com published: “Westwater Resources Announces the Completion of a New Technical Report on the Ambrosia Lake Uranium Project …” on April 18, 2018. More interesting news about Westwater Resources, Inc. (NASDAQ:WWR) was released by: Globenewswire.com and their article: “Westwater Resources Completes Acquisition of Alabama Graphite” with publication date: April 23, 2018.

Westwater Resources, Inc. operates as an energy metals exploration and development company. The company has market cap of $17.53 million. The firm holds interests in the 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. It currently has negative earnings. It also holds interests in various uranium projects in New Mexico and Texas, as well as in the Republic of Turkey; and owns the Rosita and Kingsville Dome processing facilities in Texas.

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