Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $14.65, but opened at $15.32. Sigma Lithium shares last traded at $15.10, with a volume of 76,020 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on SGML shares. BMO Capital Markets lowered their target price on Sigma Lithium from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, March 27th. Bank of America lifted their price objective on Sigma Lithium from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, March 18th.
Check Out Our Latest Research Report on SGML
Sigma Lithium Stock Down 4.6 %
The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $22.58. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.55 billion, a PE ratio of -20.42 and a beta of 0.29.
Institutional Investors Weigh In On Sigma Lithium
Several institutional investors have recently added to or reduced their stakes in the business. Fourth Sail Capital LP purchased a new stake in Sigma Lithium during the first quarter worth approximately $2,430,000. Vanguard Group Inc. lifted its stake in Sigma Lithium by 5.9% during the fourth quarter. Vanguard Group Inc. now owns 53,124 shares of the company's stock worth $1,675,000 after purchasing an additional 2,939 shares during the last quarter. Electron Capital Partners LLC purchased a new stake in Sigma Lithium during the fourth quarter worth approximately $69,703,000. Mint Tower Capital Management B.V. purchased a new stake in Sigma Lithium during the fourth quarter worth approximately $205,000. Finally, Gotham Asset Management LLC purchased a new stake in Sigma Lithium during the fourth quarter worth approximately $531,000. Hedge funds and other institutional investors own 64.86% of the company's stock.
About Sigma Lithium
(
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Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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