Natural graphite developer for batteries Westwater Resources Inc (NYSEAMERICAN:WWR) has not had a particularly great time in the markets over the course of the past week and has gone down by as much as 5% as a consequence. There has been no fresh news about that company in recent days but it may be a good idea for investors to take a look at the development from January 31.
Trading Data
On Monday, WWRÂ stock moved down 1.02% to $1.94 with more than 547k shares, compared to its average volume of 773k shares. The stock moved within a range of $1.9350 – 2.0513 after opening trade at $2.
Westwater Resources Announces Receipt of NPDES Permit
The company announced at the time that it had been awarded with a NPDES Permit. That was a major development for the company since following the issuance of the permit the company had got the go ahead for commencing the site grading work in relation to Coosa Graphite Processing Facility.
The site in question is situated not too far from Kellyton in Alabama. Despite the rather positive development, it did not lead to much of a boost for the Westwater stock. While the stock may have tanked in the past week, it may even prove to be an opportunity for some investors. Hence, it may be a good time to start tracking the Westwater Resources stock a bit more closely in the coming days.
Technical Data
WWR stock is trading below the 20-Day and 50-Day Moving averages of $2.10 and $2.36 respectively. Moreover, the stock is above 200-Day moving average of $3.53.
