5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) CEO Paul Weibel, III purchased 7,176 shares of 5E Advanced Materials stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of $3.48 per share, for a total transaction of $24,972.48. Following the transaction, the chief executive officer owned 29,292 shares in the company, valued at $101,936.16. This represents a 32.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
5E Advanced Materials Stock Performance
NASDAQ FEAM traded up $0.60 during trading hours on Friday, reaching $3.91. 811,499 shares of the company's stock were exchanged, compared to its average volume of 467,920. The company has a market capitalization of $162.98 million, a price-to-earnings ratio of -2.52 and a beta of 1.80. 5E Advanced Materials, Inc. has a one year low of $0.90 and a one year high of $7.50. The company's 50-day moving average is $2.04 and its two-hundred day moving average is $1.72.
5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its quarterly earnings data on Thursday, September 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.18.
Wall Street Analyst Weigh In
FEAM has been the subject of a number of research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. Wall Street Zen raised shares of 5E Advanced Materials from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 5th. Finally, HC Wainwright raised their price target on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the stock a "buy" rating in a research note on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, 5E Advanced Materials currently has a consensus rating of "Hold" and a consensus target price of $6.75.
View Our Latest Report on 5E Advanced Materials
Hedge Funds Weigh In On 5E Advanced Materials
A number of hedge funds have recently modified their holdings of the business. AWM Investment Company Inc. acquired a new stake in shares of 5E Advanced Materials during the 2nd quarter worth about $4,346,000. Renaissance Technologies LLC purchased a new stake in 5E Advanced Materials in the first quarter valued at approximately $268,000. Aristides Capital LLC acquired a new position in 5E Advanced Materials during the first quarter worth approximately $765,000. Finally, Bluescape Energy Partners LLC raised its position in shares of 5E Advanced Materials by 7.0% in the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company's stock worth $24,800,000 after buying an additional 533,648 shares during the period.
5E Advanced Materials Company Profile
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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.
Further Reading
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