5E Advanced Materials, Inc. (NASDAQ:FEAM – Get Free Report) Director Graham van’t Hoff acquired 60,000 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of $3.59 per share, for a total transaction of $215,400.00. Following the acquisition, the director owned 102,997 shares of the company’s stock, valued at approximately $369,759.23. This trade represents a 139.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
5E Advanced Materials Trading Up 3.3%
NASDAQ FEAM opened at $3.16 on Friday. 5E Advanced Materials, Inc. has a 1-year low of $0.90 and a 1-year high of $7.24. The stock has a 50-day moving average of $2.23 and a 200-day moving average of $1.78. The firm has a market cap of $131.60 million, a PE ratio of -2.14 and a beta of 1.80.
5E Advanced Materials (NASDAQ:FEAM – Get Free Report) last issued its earnings results on Thursday, September 17th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.18.
Hedge Funds Weigh In On 5E Advanced Materials
Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of 5E Advanced Materials during the first quarter worth about $268,000. Aristides Capital LLC bought a new stake in shares of 5E Advanced Materials in the first quarter worth about $765,000. AWM Investment Company Inc. bought a new stake in shares of 5E Advanced Materials in the second quarter worth about $4,346,000. Finally, Bluescape Energy Partners LLC grew its stake in shares of 5E Advanced Materials by 7.0% in the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after purchasing an additional 533,648 shares during the last quarter.
Wall Street Analyst Weigh In
FEAM has been the subject of a number of analyst reports. Wall Street Zen raised 5E Advanced Materials from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. HC Wainwright raised their target price on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.75.
Check Out Our Latest Stock Analysis on FEAM
5E Advanced Materials Company Profile
5E Advanced Materials, Inc is a critical-minerals company focused on developing domestic sources of boron and lithium. The company is advancing the Fort Cady project in Southern California, a mineral resource intended to support the production of boric acid, boron-derived products and lithium compounds.
Boron is used in a range of industrial and technology applications, including fiberglass, ceramics, glass, agriculture, construction materials and advanced materials. 5E has described its planned product portfolio as including boric acid and other boron specialty chemicals, with lithium potentially recovered as a co-product from the Fort Cady resource.
The company was formerly known as American Pacific Borate Lithium Limited and changed its name to 5E Advanced Materials, Inc Its operations are centered on the Fort Cady project in San Bernardino County, California, as it works toward establishing a vertically integrated U.S.
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