5E Advanced Materials (NASDAQ:FEAM) Given “Sell (E)” Rating at Weiss Ratings

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e)” rating reaffirmed by equities researchers at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

5E Advanced Materials Trading Down 4.3 %

FEAM traded down $0.02 during trading hours on Friday, reaching $0.47. The company’s stock had a trading volume of 158,858 shares, compared to its average volume of 354,109. The stock has a market cap of $32.59 million, a PE ratio of -0.42 and a beta of 1.64. 5E Advanced Materials has a fifty-two week low of $0.38 and a fifty-two week high of $2.48. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50-day moving average is $0.51 and its 200-day moving average is $0.66.

Institutional Trading of 5E Advanced Materials

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in 5E Advanced Materials during the 2nd quarter valued at about $61,000. Geode Capital Management LLC grew its position in 5E Advanced Materials by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after acquiring an additional 51,668 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in 5E Advanced Materials during the second quarter worth about $83,000.

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.