5E Advanced Materials, Inc. (NASDAQ:FEAM) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 487,922 shares of the company’s stock after buying an additional 51,668 shares during the period. Geode Capital Management LLC’s holdings in 5E Advanced Materials were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at about $83,000. AQR Capital Management LLC acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at about $27,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at about $61,000.

5E Advanced Materials Price Performance

Shares of NASDAQ FEAM opened at $0.57 on Tuesday. The firm has a 50-day simple moving average of $0.51 and a 200-day simple moving average of $0.67. The stock has a market capitalization of $39.29 million, a price-to-earnings ratio of -0.51 and a beta of 1.64. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 35.91. 5E Advanced Materials, Inc. has a 52 week low of $0.38 and a 52 week high of $2.48.

5E Advanced Materials 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.