Westwater Resources Q1 net loss widens

Overview

• US battery-grade graphite firm's Q1 net loss widened yr/yr

• Company attributes higher loss to increased permitting, stock compensation, and product development costs

Outlook

• Company continues to pursue non-dilutive and lower-cost capital, including government funding

Result Drivers

• HIGHER PERMITTING AND DEVELOPMENT COSTS - Co said increased permitting activities at Coosa, higher stock-based compensation, and greater product development and qualification costs drove higher Q1 net loss

Company press release: ID:nBw5tSLGNa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the diversified mining peer group is "buy"

• Wall Street's median 12-month price target for Westwater Resources Inc is $1.88, about 197.5% above its May 12 closing price of $0.63

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