50,678 Shares in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,678 shares of the company’s stock, valued at approximately $61,000. Point72 Asia Singapore Pte. Ltd. owned about 0.08% of 5E Advanced Materials at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in 5E Advanced Materials in the 2nd quarter valued at $83,000. Bleakley Financial Group LLC purchased a new position in shares of 5E Advanced Materials in the first quarter worth about $42,000. Finally, Leo Wealth LLC acquired a new position in 5E Advanced Materials during the fourth quarter worth about $60,000.

5E Advanced Materials Stock Down 4.5 %

Shares of NASDAQ FEAM opened at $0.47 on Monday. The company has a market capitalization of $29.69 million, a P/E ratio of -0.42 and a beta of 1.96. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50 day simple moving average of $0.74 and a 200-day simple moving average of $1.12. 5E Advanced Materials, Inc. has a 1 year low of $0.40 and a 1 year high of $3.35.

Wall Street Analysts Forecast Growth

FEAM has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $10.00 price objective on shares of 5E Advanced Materials in a report on Thursday, September 5th. Maxim Group reduced their price objective on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a research report on Thursday, September 12th.

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.