Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) saw strong trading volume on Thursday . 2,336,794 shares traded hands during mid-day trading, an increase of 98% from the previous session's volume of 1,177,768 shares.The stock last traded at $7.31 and had previously closed at $6.81.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Report on Sigma Lithium
Sigma Lithium Stock Down 8.0%
The firm has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $8.43. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 1.08.
Hedge Funds Weigh In On Sigma Lithium
Hedge funds have recently added to or reduced their stakes in the company. Appian Way Asset Management LP raised its holdings in shares of Sigma Lithium by 5.3% during the first quarter. Appian Way Asset Management LP now owns 4,963,006 shares of the company's stock valued at $51,615,000 after purchasing an additional 250,581 shares during the last quarter. Woodline Partners LP increased its position in Sigma Lithium by 65.6% during the first quarter. Woodline Partners LP now owns 2,678,444 shares of the company's stock valued at $27,856,000 after acquiring an additional 1,060,771 shares during the last quarter. Norges Bank purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at about $28,050,000. Sourcerock Group LLC increased its position in shares of Sigma Lithium by 46.0% during the 4th quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock valued at $15,565,000 after purchasing an additional 437,010 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sigma Lithium by 1.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company's stock valued at $14,127,000 after buying an additional 22,828 shares during the last quarter. 64.86% of the stock is currently owned by hedge funds and other institutional investors.
Sigma Lithium Company Profile
(
Get Free Report)
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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