What’s Ahead for Westwater Resources, Inc. (WWR) After Making Yearly Low?

March 18, 2018 - By Kurt Siggers

The stock of Westwater Resources, Inc. (NASDAQ:WWR) hit a new 52-week low and has $0.72 target or 8.00 % below today’s $0.78 share price. The 8 months bearish chart indicates high risk for the $21.79M company. The 1-year low was reported on Mar, 18 by Barchart.com. If the $0.72 price target is reached, the company will be worth $1.74 million 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 increased 9.09% or $0.06 during the last trading session, reaching $0.78. About 288,552 shares traded or 30.97% up from the average. Westwater Resources, Inc. (NASDAQ:WWR) has 0.00% since March 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Westwater Resources, Inc. operates as an energy metals exploration and development company. The company has market cap of $21.79 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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