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Monday, June 5, 2023

Momentum Is Strong For Westwater Resources Inc. (AMEX: WWR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Westwater Resources Inc. (WWR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 4.44%, to $0.94. The Westwater Resources Inc. has recorded 31,210 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed SK On signs deal with Westwater Resources to develop anode materials.

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Stocks Info

This AMEX-listed company operates within the Other Industrial Metals & Mining industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $0.90 and fluctuated between $1.0700 as its day high and $0.8800 as its day low. The current market capitalization of Westwater Resources Inc. is $45.22M. A total of 1.11 million shares were traded on the day, compared to an average of 395.41K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WWR has seen 4 BUY and 10 SELL insider trades, representing the acquisition of 45,016 and the disposition of 33,901 shares. Over the last 12 months, there were 31 BUYs and 10 SELLs from insiders. Insiders purchased 876,321 shares during that period but sold 33,901.

In the most recent transaction, Peacock Deborah A bought 150,000 shares of WWR for 1.18 per share on May 20. After the transaction, the Director now owns 249,620 company shares. In a previous transaction on May 19, Cryan Terence James bought 5,000 shares at 1.18 per share. WWR shares that Director owns now total 176,476.

Among the insiders who bought shares, Lawrence John W acquired of 500 shares on May 19 at a per-share price of $1.15. This resulted in the General Counsel and Corp Sec holding 107,258 shares of WWR after the transaction. In another insider transaction, Cryan Terence James bought 16,000 shares at $1.14 per share on May 18. Company shares held by the Director now total 171,476.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WWR in the last 3 months, the mean price target is $150.00 with high estimates of $150.00 and low estimates of $150.00. In terms of 52-week highs and lows, WWR has a high of $1.80 and a low of $0.77.

As of this writing, WWR has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$6 in the last quarter, which was 7.70% higher than expectations of -$6.5.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WWR’s latest balance sheet shows that the firm has $115.29M in Cash & Short Term Investments as of fiscal 2021. There were $235.00k in debt and $5.32M in liabilities at the time. Its Book Value Per Share was $2.94, while its Total Shareholder’s Equity was $126.20M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WWR is Buy with a score of 0.00.

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