Weiss Ratings Reaffirms Sell (E+) Rating for 5E Advanced Materials (NASDAQ:FEAM)

Key Points

• Weiss Ratings has reaffirmed a sell (E+) rating for 5E Advanced Materials (NASDAQ:FEAM), indicating ongoing concerns about the company's stock performance.
• The stock of 5E Advanced Materials saw a 5.4% decline recently, opening at $3.48, with a market cap of approximately $78.09 million.
• Insider activity was noted with purchases totaling approximately $700,000 over the last three months, indicating some confidence from company directors amidst the stock's struggles.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

5E Advanced Materials Price Performance

FEAM stock traded down $0.05 during trading hours on Friday, reaching $3.46. The stock had a trading volume of 74,261 shares, compared to its average volume of 33,489. The stock has a market capitalization of $77.53 million, a PE ratio of -0.22 and a beta of 1.54. The stock has a 50-day simple moving average of $3.80 and a 200 day simple moving average of $4.07. 5E Advanced Materials has a fifty-two week low of $2.82 and a fifty-two week high of $24.84.

Insider Transactions at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc bought 100,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was bought at an average price of $3.50 per share, for a total transaction of $350,000.00. Following the purchase, the director owned 7,597,349 shares in the company, valued at $26,590,721.50. This represents a 1.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ascend Global Investment Fund bought 100,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were bought at an average price of $3.50 per share, with a total value of $350,000.00. Following the purchase, the director owned 7,830,646 shares in the company, valued at $27,407,261. The trade was a 1.29% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 203,053 shares of company stock valued at $710,686. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of 5E Advanced Materials

An institutional investor recently bought a new position in 5E Advanced Materials stock. Marex Group plc bought a new position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned about 0.94% of 5E Advanced Materials as of its most recent filing with the Securities and Exchange Commission.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.