Jane Street Group LLC Cuts Stock Position in 5E Advanced Materials, Inc. (NASDAQ:FEAM)

Jane Street Group LLC decreased its holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 46.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,324 shares of the company’s stock after selling 71,126 shares during the quarter. Jane Street Group LLC’s holdings in 5E Advanced Materials were worth $43,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FEAM. AQR Capital Management LLC acquired a new position in shares of 5E Advanced Materials during the 2nd quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in 5E Advanced Materials in the second quarter valued at about $61,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in 5E Advanced Materials during the second quarter worth about $83,000.

5E Advanced Materials Stock Down 1.5 %

Shares of NASDAQ:FEAM opened at $0.54 on Thursday. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $37.27 million, a PE ratio of -0.48 and a beta of 1.64. The firm’s 50-day moving average is $0.51 and its two-hundred day moving average is $0.67. 5E Advanced Materials, Inc. has a 1 year low of $0.38 and a 1 year high of $2.48.

About 5E Advanced Materials

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.