07.10.2020, 13:10
Westwater Resources stock rockets again on massive volume as company praises President Trump’s executive order
Last Updated: Oct. 6, 2020 at 7:19 a.m. ET First Published: Oct. 5, 2020 at 1:46 p.m. ET
By Tomi Kilgore
Shares have rallied nearly 500% amid an 8-day win streak to close at highest price in 18 months
Shares of Westwater Resources Inc. rocketed Monday on heavy volume, again, as the battery-materials company praised the recent executive order signed by President Donald Trump supporting the development of a U.S. supply of graphite.
The stock WWR, +42.51% shot up 87.3% to $8.28, as it rose for an eighth-straight session to the highest closing price since April 2019. Trading volume ballooned to a record 200.6 million shares, compared with the full-day average of about 9.3 million shares, and enough to make it the most active stock on the Nasdaq exchange.....
https://www.marketwatch.com/story/westwa...eid=yhoof2
Supplier For Electric-Car Boom Soars 300% So Far This Month
APARNA NARAYANAN
04:10 PM ET 10/06/2020
Westwater Resources stock soared afresh as the rare earths miner lauded President Donald Trump's support for building domestic supplies of critical battery materials for electric cars and other devices.
On Sept. 30, President Trump signed an order declaring the nation's reliance on "foreign adversaries" for graphite and vanadium a national emergency. The U.S. is fully dependent on Chinese imports for graphite, used in lithium batteries for smartphones, laptops and electric cars.
The order "opens up new avenues" for financing, permitting and developing Westwater Resources' (WWR) graphite projects, CEO Christopher Jones said in a news release Monday. Materials company Westwater owns the Coosa graphite deposits in Alabama.
"Westwater is evaluating the Order and how to best approach the relevant agencies in the U.S. Government to emphasize the importance of battery graphite, its importance to the nation's security, and how the Coosa Graphite Project in Alabama fits into the enactment of critical minerals policy," the statement said.
Westwater Resources Stock, Electric Car Stocks
Shares soared 42.5% to close at 11.80 on the stock market today. Westwater Resources stock vaulted 87% the prior session, after shooting up nearly 200% last week. So far this month, Westwater Resources stock is up more than 300%. Its relative strength line, measuring a stock's performance against the S&P 500, has bolted higher with WWR stock.
But rare earths miner Northern Dynasty Minerals (NAK) fell 5.9% Tuesday. Fortress Value Acquisition (FVAC), a blank check company poised to merge with rare earths miner MP Materials, lost 4.7%, and the VanEck Vectors Rare Earth and Strategic Metals ETF (REMX) dipped 0.2%.
Among electric-car stocks, Tesla (TSLA) slipped 2.7%. Nio (NIO) stock retreated 4.3% and Nikola (NKLA) lost 0.9% after General Motors (GM) extended talks on a $2 billion partnership following a scathing short seller report.
Even legacy automakers are spending billions to develop electric cars, shifting away from gas-powered engines. GM's proposed partnership with electric-truck startup Nikola is part of that push.
https://www.investors.com/news/westwater...src=A00220
![[Bild: WWRc0wl0703.png]](https://www.finviz.com/publish/100720/WWRc0wl0703.png)
![[Bild: chart.ashx?t=WWR&ty=c&ta=0&p=d&s=l]](https://www.finviz.com/chart.ashx?t=WWR&ty=c&ta=0&p=d&s=l)
Last Updated: Oct. 6, 2020 at 7:19 a.m. ET First Published: Oct. 5, 2020 at 1:46 p.m. ET
By Tomi Kilgore
Shares have rallied nearly 500% amid an 8-day win streak to close at highest price in 18 months
Shares of Westwater Resources Inc. rocketed Monday on heavy volume, again, as the battery-materials company praised the recent executive order signed by President Donald Trump supporting the development of a U.S. supply of graphite.
The stock WWR, +42.51% shot up 87.3% to $8.28, as it rose for an eighth-straight session to the highest closing price since April 2019. Trading volume ballooned to a record 200.6 million shares, compared with the full-day average of about 9.3 million shares, and enough to make it the most active stock on the Nasdaq exchange.....
https://www.marketwatch.com/story/westwa...eid=yhoof2
Supplier For Electric-Car Boom Soars 300% So Far This Month
APARNA NARAYANAN
04:10 PM ET 10/06/2020
Westwater Resources stock soared afresh as the rare earths miner lauded President Donald Trump's support for building domestic supplies of critical battery materials for electric cars and other devices.
On Sept. 30, President Trump signed an order declaring the nation's reliance on "foreign adversaries" for graphite and vanadium a national emergency. The U.S. is fully dependent on Chinese imports for graphite, used in lithium batteries for smartphones, laptops and electric cars.
The order "opens up new avenues" for financing, permitting and developing Westwater Resources' (WWR) graphite projects, CEO Christopher Jones said in a news release Monday. Materials company Westwater owns the Coosa graphite deposits in Alabama.
"Westwater is evaluating the Order and how to best approach the relevant agencies in the U.S. Government to emphasize the importance of battery graphite, its importance to the nation's security, and how the Coosa Graphite Project in Alabama fits into the enactment of critical minerals policy," the statement said.
Westwater Resources Stock, Electric Car Stocks
Shares soared 42.5% to close at 11.80 on the stock market today. Westwater Resources stock vaulted 87% the prior session, after shooting up nearly 200% last week. So far this month, Westwater Resources stock is up more than 300%. Its relative strength line, measuring a stock's performance against the S&P 500, has bolted higher with WWR stock.
But rare earths miner Northern Dynasty Minerals (NAK) fell 5.9% Tuesday. Fortress Value Acquisition (FVAC), a blank check company poised to merge with rare earths miner MP Materials, lost 4.7%, and the VanEck Vectors Rare Earth and Strategic Metals ETF (REMX) dipped 0.2%.
Among electric-car stocks, Tesla (TSLA) slipped 2.7%. Nio (NIO) stock retreated 4.3% and Nikola (NKLA) lost 0.9% after General Motors (GM) extended talks on a $2 billion partnership following a scathing short seller report.
Even legacy automakers are spending billions to develop electric cars, shifting away from gas-powered engines. GM's proposed partnership with electric-truck startup Nikola is part of that push.
https://www.investors.com/news/westwater...src=A00220