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Thursday, September 28, 2023

Renewed Optimism is Surrounding Westwater Resources Inc. (NASDAQ:WWR)

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Westwater Resources Inc. (WWR) shares are trading at lower $6.15.

To add more color to this target, the company’s high over the last year is $14.50 and the low is $0.25. Over the last 52 weeks, WWR is up 145.02% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, WWR reported a profit of $24000.0. Westwater Resources Inc. also saw revenues increase to $3.38 million. In addition, WWR has free cash flow of -$10.24 million as of 09-2020. The company’s EBITDA came in at -$3.37 million which compares well with its peers.

WWR Return on Equity (ROE) is -113.50%, and its Return on Assets is -70.70%. All told, it is clear that, WWR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WWR has a short ratio of 0.12 and outstanding shares of 19.02M.

Company Outlook

WWR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 7.42 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.90. Westwater Resources Inc. WWR also noted assets of $25.4 million at the end of the last quarter. Investors should also keep an eye on sector updates as WWR has historically followed its peers on positive news.

All told, Westwater Resources Inc. WWR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WWR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Westwater Resources Inc. WWR is now commanding a market cap of 116.79M and a float of 15.78M. WWR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WWR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in WWR, either long or short, and we have not been compensated for this article.

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