The 5E Advanced Materials Inc (ASX: 5EA) share price has climbed further into the green today, now up 1.77% at $2.88.
Investors have pushed the share from lows of $2.83 on 16 June, following a period of wide-reaching volatility in 2022, as seen on the chart below.
Investors rallied the 5EA share price back in May as well following the release of the company’s third-quarter results.
The minerals exploration and production company reported a net loss from operations of $33 million. That was up from $3.8 million the year prior and amounted to a net loss of 79 cents per share.
Market fundamentals for boric acid are healthy, CEO Henri Tausch said at the time, “with average boric acid prices up more than 50% during Q1 2022”.
Aside from that, 5EA yesterday confirmed its NASDAQ-listed stock will be included in the Russell 2000, Russell 3000, and Russell Microcap indices.
Inclusion into the benchmarks will also see 5EA shares purchased by funds and investment managers that have mandates tied to the indices.
It also secures a vote of approval for the share, seeing as it had to pass several selection criteria before its inclusion.
Also in June, 5EA signed a letter of intent with Corning Inc to supply boron specialty metals as part of a collaboration with the company.
Corning is one of the largest technical glass manufacturers in the world, 5EA says.
Since the company floated in March 2022, the 5EA share price is down around 3%.
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