Sigma Lithium (NASDAQ:SGML) Sees Large Volume Increase - Should You Buy?

Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) saw an uptick in trading volume on Friday . 1,366,877 shares traded hands during mid-day trading, an increase of 45% from the previous session's volume of 942,539 shares.The stock last traded at $5.39 and had previously closed at $5.63.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Sigma Lithium Stock Down 4.0%

The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $601.59 million, a PE ratio of -14.63 and a beta of 0.05. The stock has a 50-day moving average of $5.64 and a 200 day moving average of $8.88.

Institutional Trading of Sigma Lithium

A number of institutional investors and hedge funds have recently modified their holdings of SGML. Aquatic Capital Management LLC bought a new position in Sigma Lithium during the fourth quarter valued at $27,000. Teacher Retirement System of Texas bought a new position in Sigma Lithium during the first quarter valued at $109,000. GAMMA Investing LLC bought a new position in Sigma Lithium during the first quarter valued at $139,000. Pictet Asset Management Holding SA bought a new position in Sigma Lithium during the fourth quarter valued at $142,000. Finally, Squarepoint Ops LLC bought a new position in Sigma Lithium during the fourth quarter valued at $150,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

About Sigma Lithium

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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