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Tag: NASDAQ: WWR

  • Why Westwater Resources (NASDAQ: WWR) Stock Might Be A Great Pick?

    Why Westwater Resources (NASDAQ: WWR) Stock Might Be A Great Pick?

    Shares of Westwater Resources, Inc (NASDAQ: WWR) soared on Monday as the company commended the executive order signed by President Donald Trump aiding the development of a US supply of graphite. President Trump has earlier declared that it is necessary to increase and maintain our economic and military strength to reduce the reliance on critical minerals from foreign adversaries. The executive order of the President revealed that a strong America cannot rely on the imports of critical minerals from foreign adversaries.

    Westwater Resources commended the President’s declaration as it showed the importance of Westwater plans to develop the Coosa Graphite deposit in east-central Alabama. Through this Coosa Graphite Plan, the company aimed to develop a U.S. domestic supply for natural graphite for use in all types of batteries in the United States in the period of the next two and half years.

    Graphite is the primary material which is used in lithium-ion batteries that help power smartphones, laptops, and electric vehicles, and help store power from renewable energy sources. Metals and mining company revealed that the US is 100% relied on the imports of graphite. The plan to develop natural graphite which is to be used in all types of batteries in the US will enhance the economic strength of the company.

    Westwater Resources, Inc (NASDAQ: WWR) shares were trading up 87.33% at $8.28 at the time of writing on Monday. Westwater Resources’ share price went from a low point around $0.25 to briefly over $9.25 in the past 52 weeks, though shares have since pulled back to $8.28. Westwater Resources recorded the trading volume of 200.58 million as compared to the average volume of 8.08 million. WWR market cap has remained high, hitting $45.87 million at the time of writing.

    The critical minerals mentioned in the executive orders referred to the natural graphite and vanadium.  Westwater Resources revealed that the recent exploration process along the Roscoe Ridge at the mine site, Westwater has also found widespread and significant levels of vanadium mineralization. For Graphite import, the US is heavily dependant on China for its supply.

    On the other hand, Vanadium is a vital component in the manufacture of high-strength steel. It is used as a catalyst in chemical manufacturing and is also used as a component in the manufacturing of some ceramic, glass, and pigment products. The US is fulfilling the industrial requirements of vanadium from mines located in China, South Africa, and Russia.

  • 3 Potentially Profitable Stocks Today Amidst Mixed Market Sentiment

    3 Potentially Profitable Stocks Today Amidst Mixed Market Sentiment

    Westwater Resources Inc [NASDAQ: WWR]

    Westwater Resources, Inc. has applauded President Trump’s Executive Order that was signed on September 30, 2020, declaring that United States’ reliance of foreign countries for the supply of critical minerals is a threat to the national security. This has seen the stock rally pre-market since the directive favors the company’s projects in the long run, especially on graphite production.

    Following this directive, the President has ordered the relevant departments to accelerate the issuance of permits and finance to companies involved in the mining and supply of the same within the US. These agencies include the Office of Science and Technology, the Secretary of Defense, Secretary of Energy and that of the Interior among others.

    Graphite and vanadium are critical minerals used in the technology industry and are thus a cause of concern to the country were their supply to be curtailed of cut off by foreign suppliers hence the order.

    Xtant Medical Inc [NYSE: XTNT]

    Xtant continues to gain upside momentum days after taking a move to restructure debt. In a move to reduce its outstanding debt, the company stated that it had ended its previously announced debt restructuring transaction. The aim of this transaction was to help improve the company’s capital structure by reducing its total debt. This reduction will enable Xtant access to capital markets and regain the compliance standards of getting listed in the NYSE. The company will now be in a position to get investment to stir up its growth.

    As part of the transaction, Xtant issued about 57.8 million shares of its common stock which they expected to raise about $40.8 million. This amount will represent part of the aggregate outstanding principal amount. There will also be another $21.1 million of outstanding of PIK interest.

    Alteryx Inc [NYSE: AYX]

    Alteryx is gaining quite strongly pre-market after releasing strong Q3 forecast. The company has announced that in the third quarter, it expects revenue ranging from $126 million to $128 million, an improvement from the earlier figures of $111 million to $115 million that they had issued on August 6, 2020.

    Further, Alteryx has announced that Mark Anderson, who is currently a board member, is set to replace current CEO and co-founder Dean Stoecker with immediate effect. Stoecker will now be an executive chairman and the chairman of the company’s board. This further strengthens the company’s future prospects and could see it gain significantly in the short-term.

     

  • Profitable Stocks to Watch on a potentially Slow Day

    Profitable Stocks to Watch on a potentially Slow Day

    U.S markets are headed for a weak start to the day this morning. In early morning trading, the S&P 500, the Dow and the NASDAQ are all in the red. The weakness is in tandem with similar trends in the European markets where key markets are all in the red.

    The FTSE, the DAX, and the CAC 40 are all in the red this morning. This weakness follows data pointing to an increase in the number of COVID-19 infections and deaths. So far, the number of deaths from COVID-19 has crossed one million, and there is no clear cut solution to the problem at the moment. The fear of increased COVID-19 cases had dampened the mood in the market, even as investors wait for a possible stimulus package from the U.S government.

    The rising number of deaths has also affected the oil markets as crude oil prices drop due to the sustained decline in demand. According to an AxiCorp market strategist, investors are now watching for signs of demand increase in the U.S markets.

    Essentially, most markets are largely expected to trade in negative territory today. Despite the overall market weakness, there are stocks that are performing quite well this morning and are expected to do well in the day. Some of the top stock top performers this morning that could sustain momentum all through the day are as below:

    Westwater Resources Inc [NASDAQ: WWR]

    This is a top performer this morning and is up by over 50% pre-market.  The interesting aspect to it is that there is no major news driving the momentum. However, the stock, like others in its sector, has been gaining upside momentum lately.

    This is driven by increased demand for EV batteries as society increasingly adopts electric vehicles as a solution to fighting climate change. Part of this company’s portfolio is the exploration of lithium deposits, which are critical to the battery making process.

    Greenpro Capital Corp [NASDAQ: GRNQ]

    Greenpro Capital Corp is another top performer this afternoon and is up by over 50%. While there is no news around it, this stock is still riding on its earlier updates on its cryptoSX exchange and its Decentralized Finance businesses.  These are key growth areas as blockchain continues to revolutionize the finance world, and investors expect these two businesses to drive Greenpro business long term.

    LM Funding America Inc [NASDAQ: LMFA]

    LM Funding America Inc is also quite strong this morning and is up by over 21%. Like most top performers this morning, this is largely a price action driven move, triggered by an increase in buying volumes.