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

5E Advanced Materials, Inc. (NASDAQ:FEAM) CEO Paul Weibel, III acquired 7,176 shares of the stock in a transaction on Thursday, October 8th. The shares were purchased at an average price of $3.48 per share, for a total transaction of $24,972.48. Following the transaction, the chief executive officer directly owned 29,292 shares in the company, valued at approximately $101,936.16. This trade represents a 32.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

5E Advanced Materials Stock Performance

FEAM stock opened at $3.64 on Friday. The company’s 50-day simple moving average is $2.09 and its 200 day simple moving average is $1.73. 5E Advanced Materials, Inc. has a 52 week low of $0.90 and a 52 week high of $7.50. The company has a market capitalization of $151.60 million, a PE ratio of -2.46 and a beta of 1.80.

5E Advanced Materials (NASDAQ:FEAM) last issued 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FEAM. Renaissance Technologies LLC bought a new position in shares of 5E Advanced Materials during the first quarter worth about $268,000. Aristides Capital LLC acquired a new stake in 5E Advanced Materials during the 1st quarter valued at approximately $765,000. AWM Investment Company Inc. acquired a new stake in 5E Advanced Materials during the 2nd quarter valued at approximately $4,346,000. Finally, Bluescape Energy Partners LLC raised its holdings in 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after purchasing an additional 533,648 shares during the last quarter.

Wall Street Analyst Weigh In

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