5E Advanced Materials (NASDAQ:FEAM) CEO Paul Wesley Weibel III Purchases 7,176 Shares of Stock

5E Advanced Materials, Inc. (NASDAQ:FEAM) CEO Paul Weibel, III purchased 7,176 shares of 5E Advanced Materials stock in a transaction dated Thursday, October 8th. The stock was bought at an average cost of $3.48 per share, with a total value of $24,972.48. Following the completion of the purchase, the chief executive officer owned 29,292 shares in the company, valued at approximately $101,936.16. This trade represents a 32.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

5E Advanced Materials Price Performance

FEAM traded up $0.60 on Friday, hitting $3.91. The company had a trading volume of 811,499 shares, compared to its average volume of 467,920. 5E Advanced Materials, Inc. has a 1-year low of $0.90 and a 1-year high of $7.50. The stock has a market cap of $162.98 million, a price-to-earnings ratio of -2.52 and a beta of 1.80. The company’s fifty day moving average price is $2.04 and its 200 day moving average price is $1.72.

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

Institutional Investors Weigh In On 5E Advanced Materials

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in 5E Advanced Materials in the 1st quarter worth $268,000. Aristides Capital LLC acquired a new position in 5E Advanced Materials in the first quarter valued at about $765,000. AWM Investment Company Inc. acquired a new position in 5E Advanced Materials during the second quarter worth $4,346,000. Finally, Bluescape Energy Partners LLC boosted its stake in shares of 5E Advanced Materials by 7.0% in the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after purchasing an additional 533,648 shares during the period.

Analyst Upgrades and Downgrades

FEAM has been the topic of several research reports. HC Wainwright upped their price objective on shares of 5E Advanced Materials from $3.50 to $6.75 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. Finally, Wall Street Zen raised 5E Advanced Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.75.

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.