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 report published on Saturday,Weiss Ratings reports.

5E Advanced Materials Stock Performance

5E Advanced Materials stock opened at $0.36 on Friday. The company has a market capitalization of $25.01 million, a price-to-earnings ratio of -0.32 and a beta of 1.57. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08. 5E Advanced Materials has a 12-month low of $0.34 and a 12-month high of $2.48. The firm’s fifty day moving average price is $0.51 and its 200 day moving average price is $0.61.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FEAM. Cubist Systematic Strategies LLC acquired a new position in 5E Advanced Materials during the 2nd quarter worth $83,000. Geode Capital Management LLC grew its holdings in 5E Advanced Materials by 11.8% during the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after acquiring an additional 51,668 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in 5E Advanced Materials during the 2nd quarter worth $27,000.

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.