5E Advanced Materials (NASDAQ:FEAM) Director Hoff Graham Vant Purchases 60,000 Shares of Stock

5E Advanced Materials, Inc. (NASDAQ:FEAM) Director Hoff Graham Vant purchased 60,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were purchased at an average price of $3.59 per share, for a total transaction of $215,400.00. Following the purchase, the director owned 102,997 shares of the company’s stock, valued at approximately $369,759.23. This trade represents a 139.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

5E Advanced Materials Stock Down 1.8%

Shares of FEAM opened at $3.28 on Wednesday. The company has a 50 day moving average price of $2.17 and a 200-day moving average price of $1.76. 5E Advanced Materials, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $7.46.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Thursday, September 17th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in 5E Advanced Materials in the 1st quarter worth $268,000. Bluescape Energy Partners LLC boosted its position in 5E Advanced Materials by 7.0% in 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 in the last quarter. Aristides Capital LLC purchased a new stake in 5E Advanced Materials during the first quarter worth $765,000. Finally, AWM Investment Company Inc. acquired a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at about $4,346,000.

Wall Street Analysts Forecast Growth

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

About 5E Advanced Materials

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.