5E Advanced Materials (NASDAQ:FEAM) Trading Up 6.3%

5E Advanced Materials Inc. (NASDAQ:FEAM – Get Rating)’s share price was up 6.3% on Friday . The stock traded as high as $11.84 and last traded at $11.69. Approximately 1,721 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 132,183 shares. The stock had previously closed at $11.00.

Analyst Ratings Changes

Several research analysts have weighed in on FEAM shares. B. Riley started coverage on shares of 5E Advanced Materials in a research note on Thursday, October 27th. They issued a “buy” rating and a $20.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of 5E Advanced Materials from $36.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, October 6th.

5E Advanced Materials Trading Up 6.2 %

The company’s 50 day moving average price is $9.93 and its 200 day moving average price is $12.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 7.93 and a current ratio of 7.93.

5E Advanced Materials (NASDAQ:FEAM – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.12) EPS for the quarter. Equities research analysts forecast that 5E Advanced Materials Inc. will post -0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new position in 5E Advanced Materials in the 1st quarter valued at $38,000. Legal & General Group Plc acquired a new position in 5E Advanced Materials in the 2nd quarter valued at $42,000. Barclays PLC grew its stake in 5E Advanced Materials by 24.2% in the 3rd quarter. Barclays PLC now owns 20,426 shares of the company’s stock valued at $207,000 after buying an additional 3,977 shares during the last quarter. Strs Ohio acquired a new position in 5E Advanced Materials in the 2nd quarter valued at $91,000. Finally, Marshall Wace LLP acquired a new position in 5E Advanced Materials in the 3rd quarter valued at $151,000. Institutional investors and hedge funds own 26.01% of the company’s stock.

About 5E Advanced Materials

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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 focuses on the Fort Cady project located in Southern California. The company was formerly known as American Pacific Borates Limited.