Geode Capital Management LLC Increases Stock Position in 5E Advanced Materials, Inc. (NASDAQ:FEAM)

Geode Capital Management LLC increased its position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 487,922 shares of the company’s stock after buying an additional 51,668 shares during the period. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in 5E Advanced Materials during the second quarter worth $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in 5E Advanced Materials during the second quarter worth $61,000. Finally, AQR Capital Management LLC acquired a new position in 5E Advanced Materials during the second quarter worth $27,000.

5E Advanced Materials Stock Performance

NASDAQ:FEAM opened at $0.57 on Tuesday. The company has a debt-to-equity ratio of 35.91, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average of $0.51 and a two-hundred day moving average of $0.67. The stock has a market capitalization of $39.29 million, a PE ratio of -0.51 and a beta of 1.64. 5E Advanced Materials, Inc. has a fifty-two week low of $0.38 and a fifty-two 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.