5E Advanced Materials, Inc. (NASDAQ:FEAM – Get Free Report)’s stock price traded down 1.5% on Friday . The stock traded as low as $0.77 and last traded at $0.80. 108,724 shares changed hands during trading, a decline of 40% from the average session volume of 181,935 shares. The stock had previously closed at $0.81.
Analyst Upgrades and Downgrades
Separately, Maxim Group initiated coverage on 5E Advanced Materials in a research note on Thursday, May 23rd. They issued a “buy” rating and a $4.00 price target on the stock.
Get Our Latest Report on 5E Advanced Materials
5E Advanced Materials Trading Down 1.5 %
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEAM. AQR Capital Management LLC acquired a new position in 5E Advanced Materials in the 2nd quarter valued at $27,000. Simplicity Wealth LLC acquired a new stake in shares of 5E Advanced Materials during the 1st quarter worth $42,000. Bleakley Financial Group LLC acquired a new stake in shares of 5E Advanced Materials during the 1st quarter worth $42,000. Leo Wealth LLC acquired a new stake in shares of 5E Advanced Materials during the 4th quarter worth $60,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials during the 2nd quarter worth $61,000.
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.
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