5E Advanced Materials (NASDAQ:FEAM) Stock: Insider Hoff Graham Vant Acquires 60,000 Shares

5E Advanced Materials, Inc. (NASDAQ:FEAM) Director Hoff Graham Vant acquired 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average cost of $3.59 per share, with a total value of $215,400.00. Following the completion of the acquisition, the director owned 102,997 shares in the company, valued at $369,759.23. This trade represents a 139.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

5E Advanced Materials Price Performance

NASDAQ:FEAM traded down $0.06 during midday trading on Tuesday, reaching $3.28. The stock had a trading volume of 768,834 shares, compared to its average volume of 476,428. 5E Advanced Materials, Inc. has a 1-year low of $0.90 and a 1-year high of $7.46. The firm’s fifty day simple moving average is $2.13 and its 200-day simple moving average is $1.74. The stock has a market capitalization of $136.60 million, a P/E ratio of -2.22 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM) last announced its earnings results on Thursday, September 17th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.18.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FEAM. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. HC Wainwright raised their target price on 5E Advanced Materials from $3.50 to $6.75 and gave the company a “buy” rating in a report on Monday, October 5th. Finally, Wall Street Zen raised 5E Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.75.

Institutional Trading of 5E Advanced Materials

A number of hedge funds have recently bought and sold shares of FEAM. Renaissance Technologies LLC acquired a new position in shares of 5E Advanced Materials during the first quarter valued at about $268,000. Bluescape Energy Partners LLC grew its position in 5E Advanced Materials by 7.0% during the fourth 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 in the last quarter. Aristides Capital LLC bought a new position in 5E Advanced Materials during the first quarter valued at about $765,000. Finally, AWM Investment Company Inc. bought a new position in 5E Advanced Materials during the second quarter valued at about $4,346,000.

5E Advanced Materials Company Profile

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.