5E Advanced Materials’ (FEAM) “Sell (E)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings restated their sell (e) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a research report released on Saturday,Weiss Ratings reports.

5E Advanced Materials Trading Down 4.3 %

FEAM traded down $0.02 during midday trading on Friday, hitting $0.47. 158,858 shares of the company were exchanged, compared to its average volume of 354,109. The firm’s 50 day moving average price is $0.51 and its 200-day moving average price is $0.66. 5E Advanced Materials has a 1-year low of $0.38 and a 1-year high of $2.48. The firm has a market capitalization of $32.59 million, a P/E ratio of -0.42 and a beta of 1.64. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 35.91.

Institutional Trading of 5E Advanced Materials

Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in 5E Advanced Materials during the 2nd quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. bought a new position in 5E Advanced Materials during the second quarter worth $61,000. Cubist Systematic Strategies LLC acquired a new position in 5E Advanced Materials in the second quarter valued at $83,000. Finally, Geode Capital Management LLC lifted its holdings in 5E Advanced Materials by 11.8% in the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after buying an additional 51,668 shares during the period.

About 5E Advanced Materials

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.