5E Advanced Materials (NASDAQ:FEAM) Stock Price Down 6.1% – Here’s What Happened

5E Advanced Materials, Inc. (NASDAQ:FEAM)’s share price traded down 6.1% on Monday . The stock traded as low as $0.43 and last traded at $0.44. 89,864 shares traded hands during trading, a decline of 42% from the average session volume of 155,489 shares. The stock had previously closed at $0.47.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Maxim Group lowered their target price on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a research note on Thursday, September 12th. DA Davidson reiterated a “buy” rating and set a $10.00 price objective on shares of 5E Advanced Materials in a report on Thursday, September 5th.

5E Advanced Materials Trading Down 6.1 %

The company has a market capitalization of $30.39 million, a P/E ratio of -0.39 and a beta of 1.87. The company has a 50-day simple moving average of $0.48 and a 200 day simple moving average of $0.76. The company has a debt-to-equity ratio of 35.91, a quick ratio of 1.08 and a current ratio of 1.08.

Hedge Funds Weigh In On 5E Advanced Materials

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

5E Advanced Materials Company Profile

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.