Sigma Lithium (NASDAQ:SGML) Trading Up 4.8%

Shares of Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) rose 4.8% on Friday . The stock traded as high as $18.96 and last traded at $18.81. Approximately 407,486 shares changed hands during trading, a decline of 67% from the average daily volume of 1,244,788 shares. The stock had previously closed at $17.94.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets cut their price objective on shares of 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 boosted their price objective on Sigma Lithium from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, March 18th.

Sigma Lithium Trading Up 3.5 %

The company has a fifty day moving average of $14.60 and a 200-day moving average of $20.51. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -64.00 and a beta of 0.24. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.02.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.09) EPS for the quarter. The company had revenue of $37.69 million during the quarter. As a group, equities research analysts anticipate that Sigma Lithium Co. will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company's stock worth $573,000 after purchasing an additional 17,566 shares during the period. Appian Way Asset Management LP increased its holdings in shares of Sigma Lithium by 47.2% during the 1st quarter. Appian Way Asset Management LP now owns 2,270,102 shares of the company's stock worth $29,421,000 after buying an additional 728,260 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Sigma Lithium by 43.3% during the 1st quarter. 1832 Asset Management L.P. now owns 382,000 shares of the company's stock valued at $4,951,000 after buying an additional 115,438 shares during the period. Van ECK Associates Corp lifted its holdings in Sigma Lithium by 47.0% in the first quarter. Van ECK Associates Corp now owns 1,057,916 shares of the company's stock valued at $13,711,000 after acquiring an additional 338,380 shares during the last quarter. Finally, Fourth Sail Capital LP purchased a new position in Sigma Lithium in the first quarter worth approximately $2,430,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Company Profile

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.