Go All-in on Graphite With Westwater Resources Stock
You can own WWR stock to capitalize on an underappreciated but ubiquitous resource
By Louis Navellier and the InvestorPlace Research Staff, Editor, Growth Investor Oct 20, 2020, 9:12 am EDT
When it comes to investable resources, most traders focus on gold and silver. However, there’s more to the resource space than those metals, and I invite you to consider Westwater Resources (NASDAQ:WWR). You might not have heard much about WWR stock, but the momentum in this under-the-radar name is compelling.
a line of AA batteries to represent graphite stock WWR stock
Investors who owned WWR stock prior to October probably didn’t have much to say about its price action. Yet, there was a nice October surprise in store for them.
Westwater isn’t only interesting because of its price action. This company is worth your attention because resource sector investors ought to think about expanding their horizons beyond the popular minerals that so many traders obsess over.
Don’t get me wrong, as I still want you to be selective when choosing resource companies. After all, there is always risk involved in this space. Hopefully, after learning about Westwater Resources, you’ll find that the reward-to-risk ratio is favorable for this niche miner.
WWR Stock at a Glance
Prior to this month, you probably wouldn’t have seen WWR stock on the front page of many financial publications. Unfortunately, the stock started 2020 above $2 but descended below $1 in early April.
This drawdown in price was, at least in part, most likely due to the onset of the novel coronavirus. The global pandemic took a major toll on the resource sector. So, it shouldn’t be too surprising that WWR stock stayed depressed for a number of months.
Patient shareholders were rewarded, however, as the stock price was back above the $2 level in late September. Then a key event took place in early October which pushed WWR to its 52-week high of $14.50.
If you haven’t taken a position in Westwater Resources stock yet, that’s fine because the share price has retraced back to the $6 area. This is a better entry point that allows much more room for upside if the bulls take back control of the price action.
MORE(much more) at: https://investorplace.com/2020/10/go-all-in-on-graphite-with-a-stake-in-wwr-stock/