Why Westwater Resources stock is surging

(MarketWatch) – 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) shot up 53% in afternoon trading, which puts it on track for a seventh-straight gain and the highest close since June 2019. On Friday, the stock had run up 49.3% on volume of 101.7 million shares, after climbing 17.9% on 29.4 million shares the day before.