Weiss Ratings Reiterates Sell (E+) Rating for 5E Advanced Materials (NASDAQ:FEAM)

5E Advanced Materials (NASDAQ:FEAM)‘s stock had its “sell (e+)” rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.

5E Advanced Materials Trading Up 2.2%

Shares of 5E Advanced Materials stock opened at $4.74 on Thursday. The company’s fifty day simple moving average is $3.82 and its two-hundred day simple moving average is $4.47. 5E Advanced Materials has a 12-month low of $2.82 and a 12-month high of $24.84. The company has a market cap of $94.89 million, a P/E ratio of -0.30 and a beta of 1.53.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.31) by ($0.37). Analysts predict that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

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.